Question
Economies of Scale means reduction in
Answer: Option B
Answer: (b)
In microeconomics, economies of scale are the cost advantages that an enterprise obtains due to expansion.
“Economies of scale” is a long-run concept and refers to reductions in unit cost as the size of a facility and the usage levels of other inputs increase.
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Answer: (b)
In microeconomics, economies of scale are the cost advantages that an enterprise obtains due to expansion.
“Economies of scale” is a long-run concept and refers to reductions in unit cost as the size of a facility and the usage levels of other inputs increase.
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