Economies of Scale Exist When the ________ a Unit of a Good

question 284

Multiple Choice

Economies of scale exist when the ________ a unit of a good ________.

• A) average cost of producing; falls as its output rate increases
• B) price; falls as its input rate decreases
• C) price; rises as its output rate increases
• D) average cost of producing; rises as its input rate increases

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