Q626
The larger the diameter of a natural gas pipeline, the lower is the average total cost of transmitting 1,000 cubic feet of gas for 1,000 miles. This is an example of
A.
Economies of scale
AnswerB.
Normative economies
C.
Diminishing marginal returns
D.
Increasing marginal product of labour
Answer: Option A
Solution
Answer: Option A
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