Business, 22.08.2020 05:01, michellecr20057
The term economies of scale refers to the fact that as the:
o physical size of the product gets larger, the costs of production become lower
O quantity of product produced in a given period increases, the cost of manufacturing each unit increases
o quantity of product produced in a given period increases, the cost of manufacturing each unit remains constant
quantity of product produced in a given period increases, the cost of manufacturing each unit decreases
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Answers: 3
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The term economies of scale refers to the fact that as the:
o physical size of the product gets lar...
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