Answered You can hire a professional tutor to get the answer.

QUESTION

Economies of scale occur when short-run marginal cost falls. the demand for a firm's output increases. a firm's long-run average total costs fall as...

Economies of scale occur when

short-run marginal cost falls.

the demand for a firm's output increases.

a firm's long-run average total costs fall as it increases the quantity of output it produces.

the marginal product of labor is greater than the average product of labor.

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question