As output increases, economies of scale occur when the:

A. Long-run average costs increases.
B. Long-run average costs decreases.
C. Short-run average total costs decreases.
D. Long-run average costs stay constant

Question

As output increases, economies of scale occur when the:
 
A. Long-run average costs increases.
B. Long-run average costs decreases. 
C. Short-run average total costs decreases.
D. Long-run average costs stay constant

As output increases, economies of scale occur when the:

A. Long-run average costs increases.

B. Long-run average costs decreases.

C. Short-run average total costs decreases.

D. Long-run average costs stay constant

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Weekly leaderboard

As output increases, economies of scale occur when the: A. Long-run average costs increases. B. Long-run average costs decreases. C. Short-run average total costs decreases. D. Long-run average costs stay constant