Foundations of Economics, Student Value Edition (8th Edition)
8th Edition
ISBN: 9780134489230
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Question
Chapter 14, Problem 8MCQ
To determine
Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___.
- The short-run
average total cost curve shifts downward - The long run average cost curve slopes downward
- The short run average total cost curve shifts downward if economies of scale exist
- The average total cost of production rises
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