Economies of Scale and Long-Run Costs- Micro Topic 3.3

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"The Long run average costs fall as more output is produced" I think that's a good enough answer for my exam. Thank You!

[@ProgrammingKnowldges]

u are wrong..the long run average cost can increase as more outputs are produced..This is called Diseconomies of Scale..

[@DTSemaphore]

i think he meant as a definition for economies of scale

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Risya Ryandy

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+Heidi Wang Heidi, thank you. I'm glad I could help.

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+ismael nieto campos I'm glad it make sense.

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+MajorasMaskMailman Thanks. The classic example is an electric company but that's kind of boring:)

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+Preyanker Syed Good luck.

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Glad I can help. Say "Hi" to your students for me

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+Sarah Holloway I'm glad that I was able to help. There is more to come.

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