Economies of Scale Refers to The

question 5

Multiple Choice

Economies of scale refers to the:

• A)fall in an FI's average costs of production as its output decreases
• B)fall in an FI's average costs of production as its output increases
• C)fall in an FI's average costs of production as its output remains stable
• D)increase in an FI's average costs of production as its output increases

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Definitions:

International Test

An assessment administered across multiple countries to evaluate and compare educational performance or abilities.

Science And Math

Academic disciplines that study the natural world using the scientific method and the use of numbers and symbols to understand patterns, quantities, and structures.

Income And Ethnicity

A study area focusing on how earnings and racial or cultural backgrounds intersect, influencing various socio-economic outcomes.