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Author Question: If production displays economies of scale, the long-run average cost curve is A) downward ... (Read 72 times)

abarnes

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If production displays economies of scale, the long-run average cost curve is
 
  A) downward sloping. B) below the long-run marginal cost curve.
  C) upward sloping. D) above the short-run average total cost curve.

Question 2

Costs that have already been incurred, and which cannot be recovered, are known as
 
  A) short-run fixed costs. B) unavoidable costs.
  C) sunk costs. D) implicit costs.


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tennis14576

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abarnes

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Reply 2 on: Jun 29, 2018
Excellent


cici

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Reply 3 on: Yesterday
:D TYSM

 

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