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Satsume Satsume
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6 years ago
A group of friends recently started manufacturing specialty T-shirts.  The business has grown rapidly, with monthly production up from 50 to 250 in the first 6 months.  During this same period, average production cost has been cut in half.  The firm's long-run average cost curve over this range of output
A) is downward sloping.
B) is upward sloping.
C) is horizontal.
D) may be any of the above.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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6 years ago
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