If a Firm Experiences Economies of Scale,the Average Total Cost

question 191

True/False

If a firm experiences economies of scale,the average total cost of production increases as output expands.

---

Definitions:

Positivist

An individual who adheres to positivism, a philosophical system that recognizes only that which can be scientifically verified or which is capable of logical or mathematical proof.

Scientific Method

A systematic approach to research involving the collection of data, formulation of a hypothesis, experimentation, and validation or refutation of the hypothesis.

True Knowledge

Knowledge that is based on facts, evidence, and logical reasoning, widely accepted as accurate or true beyond reasonable doubt.

Operational Definition

A clear, specific description of a concept or variable in terms of the procedures or criteria used to measure or identify it in a research study.