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
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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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