Economies of Scale Occur When the Average Unit Cost of the Good

question 63

True/False

Economies of scale occur when the average unit cost of the good or service begins to increase as the capacity and/or volume of throughput increases.

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Definitions:

Japan

An island country in East Asia, known for its rich culture, advanced technology, and strong economy.

United States

A country primarily located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Germany

Germany is a country in Central Europe known for its rich history, culture, economic strength, and contributions to arts, science, and technology.

Canada

A country located in the northern part of North America, known for its diverse landscapes, multicultural society, and advanced economy.