Economies of Scale Occur When

question 187

Multiple Choice

Economies of scale occur when:

• A)long-run average total costs rise as output increases
• B)average fixed costs are falling
• C)long-run average total costs fall as output increases
• D)average fixed costs are constant

---

Definitions:

Operationally Defining

Clearly specifying the procedure or method by which a variable, concept, or term is measured or defined in the context of a study.

Statistical Tools

Computational or mathematical methods and procedures used to analyze, interpret, and present data.

Experimental Laboratory Study

A controlled study conducted in a lab setting where variables are manipulated to observe their effect on other variables.

Naturally Occurring

Refers to events, phenomena, or processes that exist or take place without human intervention.