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The concept of _____ tells us that as plant output expands, unit costs decrease. One reason is the greater utilization of capital equipment.
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The concept of _____ tells us that as plant output expands, unit costs decrease. One reason is the greater utilization of capital equipment.

User Kenneth Wilke
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12 votes

Answer:

The concept of economies of scale tells us that as plant output expands, unit costs decrease.

Step-by-step explanation:

User Joeblade
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