What term is used to describe declining average total costs with added firm size?
a) diseconomies of scale
b) economies of scale
c) pure monopoly
d) barriers to entry

Respuesta :

The term is used to describe declining average total costs with added firm size: B. Economies of scale.

The Cost denotes the quantity of money that an organization spends on the advent or manufacturing of goods or services. It does now not embody the markup for earnings. From a supplier's factor of view, a rate is the amount of cash that is spent to offer an excellent product.

Costs are the economic charge of prices for substances, offerings, tough paintings, merchandise, devices,s and different gadgets purchased for use via a business employer or other accounting entity. it is the amount denoted on invoices due to the fact the rate recorded within the preserves facts as a price or asset price basis.

Costs, in commonplace utilization, is the financial rate of products and services that manufacturers and customers buy. In a primary economic revel, the price is the degree of the possible opportunities foregone inside the choice of one accurate or interest over others. This critical rate is generally called a possible price.

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