Economies of scale are achieved is the long- run average cost curve _______when output_______ .
A)falls; falls
B)rises; rises
C)falls; rises
D)rises; remains constant

Name: Economies of scale are achieved is the long- run average cost curve _______when output_______ . A)falls; falls B)rises; rises C)falls; rises D)rises; remains constant
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

Economies of scale occur when the long-run average cost decreases as the output increases, indicating that the firm becomes more efficient as it produces more.

Economies of Scale Are Achieved Is the Long- Run Average