Suppose that just by doubling the amount of output that it produces each year, a firms per-unit

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Suppose that just by doubling the amount of output that it produces each year, a firm’s per-unit production costs fall by 30 percent. This result is an example of:

a. economies of scale.

b. improved resource allocation.

c. technological advance.

d. the demand factor.

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Macroeconomics

ISBN: 9781264112456

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Mar 01, 2024 08:02 AM

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Suppose that just by doubling the amount of output that it produces each year, a firms per-unit

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The correct answer is a economies of scale Economies ...View the full answer

Macroeconomics

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