Due to economies of scale,average costs decline as:

Name: Due to economies of scale,average costs decline as:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantages that a company experiences as its production levels increase. As production levels increase, fixed costs are spread over a larger number of units, resulting in lower average costs per unit. Therefore, option A is the correct choice. The other options may also contribute to cost savings but are not directly related to economies of scale.

Due to Economies of Scale,average Costs Decline As