expand icon
book Essentials of Economics 7th Edition by Gregory Mankiw cover

Essentials of Economics 7th Edition by Gregory Mankiw

Edition 7ISBN: 978-1285165950
book Essentials of Economics 7th Edition by Gregory Mankiw cover

Essentials of Economics 7th Edition by Gregory Mankiw

Edition 7ISBN: 978-1285165950
Exercise 22
If a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit ________ of scale and ________ average total cost.
A) economies, falling
B) economies, rising
C) diseconomies, falling
D) diseconomies, rising
Explanation
Verified
like image
like image

Economies of scale are the cost advantag...

close menu
Essentials of Economics 7th Edition by Gregory Mankiw
cross icon