Economies of Scale Refer to the Fact That as the

question 160

Multiple Choice

Economies of scale refer to the fact that as the

• A) quantity of product produced in a given time period increases, the cost of manufacturing each unit increases.
• B) quantity of product produced in a given time period increases, the cost of manufacturing each unit remains constant.
• C) quantity of product produced in a given time period increases, the cost of manufacturing each unit decreases.
• D) quantity of product produced in a given time period decreases, the cost of manufacturing each unit decreases.

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