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asdoooeoe asdoooeoe
wrote...
Posts: 482
5 years ago

Question 1.

Economies of scale occur when there are

• no changes in long-run average costs when output increases.

• decreases in long-run average costs resulting from increases in output.

• decreases in output resulting from decreases in input.

• increases in long-run average costs when output increases.

Question 2.




In the above figure, for any output level less than Q2, this firm experiences

• constant economies of scale.

• economies of scale.

• decreasing long run average costs.

• diseconomies of scale.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 31 times
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Answer verified by a subject expert
IsackIsack
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Posts: 394
5 years ago
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asdoooeoe Author
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5 years ago
Brilliant
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