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nakungth nakungth
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6 years ago
Use the following two statements to answer this question:    
I.   A growing firm's average cost of production will decline over time if output continually expands and economies of scale are present.
II.   A firm's average cost of production can decline over time if learning occurs as cumulative output increases.
A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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#1
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6 years ago
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nakungth Author
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6 years ago
Thanks
my life
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Yesterday
This helped my grade so much Perfect
homework1
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2 hours ago
Good timing, thanks!
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