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Homework answers / question archive / "When the cost of producing a unit of a good falls as its output rate increases" is the definition of A

"When the cost of producing a unit of a good falls as its output rate increases" is the definition of A

Business

"When the cost of producing a unit of a good falls as its output rate increases" is the definition of

A. economic efficiency.

B. economies of scale.

C. economies of scope.

D. technological efficiency

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The correct answer is option B. economies of scale.

In economics, economies of scale is when the cost of producing a unit of a good falls as its output rate increases. It is a benefit and an advantage on the part of the business entity. It decreases average cost while production expands.So, the statement above is clearly what economies of scale about.

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