What do Economies of scale mean?
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What do you mean by economies of scale?
What do we mean by trade based on:
Factor endowments
Economies of scale
economies of scale" and dis-economies of scale? What do these terms mean, when do they occur and how do they differ? Can you provide an example of economies and scale and dis-economies of scale.
Then, answer the question below. Which one best described dis-economies of scale? A. per unit costs increase when all resources are increased. B. per unit costs decrease when all resources are increased. C. per unit costs remain constant when all resources are increased. D. per unit costs are no longer important.