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Card 1 of 24

What happens to long-run average cost when a firm experiences economies of scale?

A

As a firm increases its scale of output, its long-run average cost remains constant.

B

As a firm increases its scale of output, its long-run average cost falls.

C

As a firm increases its scale of output, its long-run average cost rises.

D

As a firm increases its scale of output, its short-run average cost falls.

Card 1 of 24

1.4.5 Economies and diseconomies of scale Flashcards

  1. A Level
  2. /Economics
  3. /1.4.5 Economies and diseconomies of scale

24 flashcards on AQA A Level Economics 1.4.5 Economies and diseconomies of scale: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards