Economies of scale exist wheneverselect onea average total, Ask an Expert

Economics

Economies of scale exist whenever:

Select one:

a. average total costs decline as output increases.

b. average total costs increase as output increases.

c. average total costs are stationary as output increases.

d. average total costs increase as output increases and average total costs are stationary as output increases.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91274671

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