Which of the following is an example of economies of scale?(1 point)

Question

Responses

A business decreases its production of widgets, and the cost of producing each widget decreases.
A business decreases its production of widgets, and the cost of producing each widget decreases.

A business increases its production of widgets, and the total cost of production decreases.
A business increases its production of widgets, and the total cost of production decreases.

A business increases its production of widgets, and the cost of producing each widget decreases.
A business increases its production of widgets, and the cost of producing each widget decreases.

A business decreases its production of widgets, and the total cost of production decreases.

Answer 1

A business increases its production of widgets, and the cost of producing each widget decreases.