Question

economics of scale is said to occur when ______as the quantity of output increases ​

Answer 1

Answer:

blank....... don't know

Answer 2

Answer:

Yo Uo Yo

Explanation:

Economies of scale refers to the situation where, as the quantity of output goes up, the cost per unit goes down. This is the idea behind “warehouse stores” like Costco or Walmart. In everyday language: a larger factory can produce at a lower average cost than a smaller factory.