of scale. As Big Jake Lumber expands, the cost of shipping the lumber drops sharply. This is an example of achieving economies diseconomies constant returns O varlable costs

Microeconomics A Contemporary Intro
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ISBN:9781285635101
Author:MCEACHERN
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Chapter7: Production And Cost In The Firm
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As Big Jake Lumber expands, the cost of shipping the lumber drops sharply. This is an example of achieving of scale.
O economies
O diseconomies
O constant returns
O varlable costs
Transcribed Image Text:As Big Jake Lumber expands, the cost of shipping the lumber drops sharply. This is an example of achieving of scale. O economies O diseconomies O constant returns O varlable costs
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