i. future planning because, as the theory of production indicates, the average cost of production in most productive activities decreases to a certain level of output and then begins to increase.
ii. Future expansion of scale of production for most efficient level of the economies of scale so that they can be able to plan the marketing of the product accordingly.
iii. Competitive business environment are faced with a given market price. Their profit therefore, depends on their ability to reduce their unit cost of production
marto answered the question on April 17, 2019 at 05:34
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