A reduction in average unit cost as a result of an increase in scale of operations is called .
Question
Solution 1
The reduction in average unit cost as a result of an increase in scale of operations is called "Economies of Scale".
Here's a step by step explanation:
- Economies of Scale refers to the cost advantage that a business obtains due to expansion. It's a concept in microeconomics that describes the Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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