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Author Question: What is a production set?[br][br][b][color=black]Question 2[/color][/b][br][br]When a firm expands ... (Read 40 times)

olgavictoria

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on: Jun 30, 2018
What is a production set?

Question 2

When a firm expands in size such that its workers can specialize in any one activity, the long-run average total cost of the firm gradually increases.
 a. True
  b. False
  Indicate whether the statement is true or false


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moormoney

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A production set is all possible combinations of goods and services that an economy can produce with its available resources.

Answer to Question 2

False


olgavictoria

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Dominic

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Reply 3 on: Yesterday
Wow, this really help

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