A firm has economies of scale if, as the firm increases its output, Question 18 options: The firm's price rises. The firm's profits increase. The firm's fixed cost decreases. The firm's average cost decreases.
A firm has economies of scale if, as the firm increases its output, Question 18 options: The firm's price rises. The firm's profits increase. The firm's fixed cost decreases. The firm's average cost decreases.
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter10: Systems Of Equations And Inequalities
Section10.FOM: Focus On Modeling: Linear Programming
Problem 14P
Related questions
Question
A firm has economies of scale if, as the firm increases its output,
Question 18 options:
|
The firm's price rises. |
|
The firm's profits increase. |
|
The firm's fixed cost decreases. |
|
The firm's average cost decreases. |
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