________ Is Best Described as Decreases in Cost Per Unit

question 79

Multiple Choice

________ is best described as decreases in cost per unit as output increases.

• A) Economies of scale
• B) Economies of scope
• C) Time compression economies
• D) Economies of replication

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Definitions:

Global CEO

The chief executive officer responsible for leading an organization's operations and strategic direction across different countries and cultures.

Merchant

An individual or business that sells goods or services to consumers.

Information

A set of data or details about a particular subject, often processed to be useful.

Understanding

The ability to comprehend or grasp the meaning, nature, or importance of something.