(Answered) In microeconomics, the term ◻ is synonymous with economies of scale.a) decreasing returns to…

➤ Why are economies of scale different from diminishing marginal returns?
Economies of scale refer to long-run changes when all inputs vary, while diminishing marginal returns occur in the short run with at least one fixed input. Diminishing marginal returns reduce output from an additional unit of a single input. Economies of scale affect average costs and production as firm size changes.