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Q. |
Economies of Scale means reduction in |
A. | unit cost of production |
B. | unit cost of distribution |
C. | total cost of production |
D. | total cost of distribution |
Answer» A. unit cost of production | |
Explanation: In microeconomics, economies of scale are the cost advantages that an enterprise obtains due to expansion. "Economies of scale" is a long run concept and refers to reductions in unit cost as the size of a facility and the usage levels of other inputs increase. |
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