E3 Economies of scale occurs in the long run when, as output increases and ... Group of answer choices total cost increases at the same rate as the increase in output. total cost increases at a slower rate than the increase in output. total cost increases at a faster rate than the increase in output. the marginal cost is above the average total cost as output increases.
E3 Economies of scale occurs in the long run when, as output increases and ... Group of answer choices total cost increases at the same rate as the increase in output. total cost increases at a slower rate than the increase in output. total cost increases at a faster rate than the increase in output. the marginal cost is above the average total cost as output increases.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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E3
Economies of scale occurs in the long run when, as output increases and ...
Group of answer choices
total cost increases at the same rate as the increase in output.
total cost increases at a slower rate than the increase in output.
total cost increases at a faster rate than the increase in output.
the marginal cost is above the
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