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Tragamin Tragamin
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6 years ago
Big Stan's Parking Lot in West Vancouver has space for 500 cars. He charges $15 to park in his lot. On Monday, he had 100 cars parked. His total costs were $200. Tuesday he had 300 cars parked. Big Stan has economies of scale if his
A) marginal cost is more than $15.
B) total revenue is more than $400.
C) marginal cost is less than $15.
D) average total costs are more than $2.
E) total costs are less than $600.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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martrekmartrek
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6 years ago
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Smart ... Thanks!
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