If a Firm Experiencing "Economies of Scale" Decreases Its Output

question 169

True/False

If a firm experiencing "economies of scale" decreases its output, its long-run average cost will decrease.

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Definitions:

Prototypes

Original models or first versions of a product or concept that are used as a basis for further development or comparison.

Concepts

Abstract ideas or mental symbols that represent elements of reality, organizing knowledge in ways that facilitate understanding and communication.

Images

Visual representations, either mental or physical, of an object or scene.

Mental Age

A concept used to describe the intellectual capability of a person, expressed as the age at which an average individual reaches the same level of understanding or ability.