A company is experiencing economies of scale when: A. cost per unit increases as output increases. B.
Question:
A company is experiencing economies of scale when:
A. cost per unit increases as output increases.
B. it is operating at a point on the LRAC curve at which the slope is negative.
C. it is operating beyond the minimum point on the long-run average total cost curve.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
B is correct Economies of scale occ...View the full answer
Answered By
Anthony Ngatia
I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".
76+ Reviews
152+ Question Solved
Related Book For 
Question Posted:
