Which techniques improve economies of scale? select all that apply. select all that apply:

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04-08-2022
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Which techniques improve economies of scale? select all that apply. select all that apply:

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anshumanaryan799 anshumanaryan799 · Answer 1 · 2022-08-11T08:08:14+02:00

techniques to improve economies of scale are -

A cost that has inputs that increase or decreases is referred to as variable cost.
The variable cost includes raw materials as inputs and it Increases or decreases with the production volume.
Unlike fixed cost, it does not remain fixed but rather responds to the changes in a firm's production level
Economies of scale occurs when a firm is able to increase production by decreasing the average cost involved to produce a product.

Economies of scale refer to the phenomenon in which the average cost per unit of output decreases as the size or scale of the output produced by a firm increases.

In microeconomics, economies of scale are the cost advantages that firms derive from their scale of operations, usually measured in terms of output per unit of time. Reduced cost per unit of output enables greater scale

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