CSS :: Scale Of Production and Laws of Returns
|
|
|
|
|
|
Economies of scale:
|
[A]. |
Occur when an increase in input causes a less than proportionate increase in output | [B]. |
Suggest that firm's marginal cost curve lies above its average cost curve
|
[C]. |
Suggest that the firm's marginal cost curve lies above its average cost curve | [D]. |
None of these |
|
|
|
|