Narrbegin Exhibit 6.9 Cost curves
-In Exhibit 6.9, economies of scale only exist for output levels up to:

Question

Narrbegin Exhibit 6.9 Cost curves  
-In Exhibit 6.9, economies of scale only exist for output levels up to:

Quizplus · Accepted Answer

Economies of scale occur when increasing production leads to a lower cost per unit. The correct output level up to which economies of scale exist would be the point before average costs start to rise again. Without seeing Exhibit 6.9, the specific answer can't be determined from the information given. However, based on the question's structure, if we assume that the output levels are given in ascending order and the question implies that economies of scale cease beyond a certain point, the correct answer would typically be the highest output level mentioned before diseconomies of scale set in. This explanation is generic and assumes a typical interpretation of how economies of scale are represented in relation to output levels.

Narrbegin Exhibit 6.9 Cost Curves