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:

Recommends

Suggests or advises as a choice for someone to consider or undertake.