Economies of Scale Refer to the Fact That as The

Multiple Choice

Economies of scale refer to the fact that as the:

A) Quantity of product produced in a given time period increases, the cost of manufacturing each unit increases
B) Quantity of product produced in a given time period increases, the cost of manufacturing each unit remains constant
C) Quantity of product produced in a given time period increases, the cost of manufacturing each unit decreases
D) Quantity of product produced in a given time period decreases, the cost of manufacturing each unit decreases