An Economies of Scale Exists When the Percentage Increase in Output

question 4

True/False

An economies of scale exists when the percentage increase in output exceeds the percentage increase in average total cost.

---

Definitions:

Social Networking

The use of internet-based platforms to build social relations with other people who share similar personal or career interests.

Collaboration

Working together with one or more people to achieve a common goal or complete a task.

Crowdspeaking

Crowdspeaking is a method of amplifying a message by having a large number of people share or speak about it on social media simultaneously.

User-Generated Content Sites

Websites or platforms where the content is created, published, and shared by the users rather than the publishers or service providers.