When a Decrease of a Firm's Scale of Production Leads

question 122

True/False

When a decrease of a firm's scale of production leads to lower average costs per unit produced, there is an increasing return to scale.

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Definitions:

Vitality of the Economy

An indication of how dynamic, robust, and prosperous an economy is, often measured by factors like growth rates, employment levels, and innovation.

Megacity

A metropolitan area with a total population in excess of ten million people.

Customer Service

The support and assistance provided by a company to the people who buy or use its products or services.

Global Supply Chains

Supply chain operations that involve the movement of goods, services, and information across multiple countries and continents.