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QUESTION:

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Multiple Choice Question

Economies of scale present an opportunity to increase profits because as the number of units within the relevant range increases, fixed costs Blank.

Multiple choice question.

ANSWER:

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Your Answer correct

Economies of scale present an opportunity to increase profits because as the number of units within the relevant range increases, fixed costs Blank.

Multiple choice question.
Reason: 

Fixed costs remain the same independent of volume. So the fixed costs can be distributed over a larger volume, reducing the cost-per-unit.

Correct AnswerQuestion

Posted by Cleveland on November 7, 2024
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