Answer to Question #118550 in Microeconomics for rupinder

Question

Technical economies of scale are closely related to which of the following?
A. The law of diminishing returns.
B. Decreasing returns to scale.
C. Rising short-run average total cost.
D. Falling short-run marginal cost.
E. Increasing returns to scale.

Answer 1

Technical economies of scale are closely related to increasing returns to scale