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Which concept explains the decrease in average cost of production due to increase in production?
A)law of the learning curve
B)diseconomies of scale
C)law of diminishing returns
D)economies of scale
E)law of increasing revenue

Respuesta :

aencabo

The answer is C.) law of diminishing returns. It is used to refer to a point at which the level of profits or benefits gained is less than the amount of money or energy invested. It is the decrease in the marginal (incremental) output of a production process as the amount of a single factor of production .

Answer:

I think the answer is D.

Explanation:

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