Which term describes a cost that can be spread across many units in order to achieve...
Which term describes a cost that can be spread across many units in order to achieve increasing returns to scale?
Group of answer choices
Marginal Cost
Average Cost
Fixed Cost
Variable Cost
Homework Answers
Out of the given cost ,only variable cost will increase as the output increases and helps in achieving the increasing returns to scale .
Increasing returns to scale occurs when n number of inputs are given and output is more than n
marginal cost and average cost firstly decreases then start increasing and .
Fixed cost is fixed for any number of output .
it do not depends on the output in the short run .
So the answer is variable cost
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