Let's assume that in Ventura, a toaster company was manufacturing 3,000 units of toasters at the total cost of $141,000. Currently, it is manufacturing 5,000 units and the total cost is $200,000. This toaster company is experiencing Group of answer choices economies of scale none of the other answers diseconomies of scale constant returns to scale

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Cost of Production

The entire idea of the cost of production or production cost is applied corresponding, or we can say that it is related to monetary cost. Money cost refers to any money expenditure which the firm or supplier, or producer undertakes in purchasing or hiring factor of production or factor services.