Question: _________ describe a production process in which an increase in the number of units produced causes a decrease in the average cost of each unit,

_________ describe a production process in which an increase in the number of units produced causes a decrease in the average cost of each unit, whereas __________ describe a production process in which the average total cost of production decreases as a result of increasing the number of different goods produced.

  • A. Economies of scale /;/ Economies of scope
  • B. Economies of scope /;/ Economies of scale
  • C. Econometrics of scale /;/ Econometrics of scope
  • D. Economical scope /;/ Economical scale
  • E. None of these are correct

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