Question

What are economies and diseconomies of scale?

Answer 1

Answer:

Hi guys

Explanation:

Economies and Diseconomies of Scale. ... Economies of scale refer to these reduced costs per unit arising due to an increase in the total output. Diseconomies of scale, on the other hand, occur when the output increases to such a great extent that the cost per unit starts increasing.

Answer 2

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing which causes scale increasing.

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