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Author Question: When an increase in the scale of production leads to higher average costs, the industry exhibits (Read 52 times)

Alainaaa8

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on: Apr 19, 2019

Question 1

For economies of scale, a(n) ________ in a firm's scale of production leads to ________ average total cost.


◦ increase; lower
◦ increase; higher
◦ decrease; lower
◦ decrease; no change in

Question 2

When an increase in the scale of production leads to higher average costs, the industry exhibits


◦ diminishing returns.
◦ increasing returns to scale.
◦ decreasing returns to scale.
◦ constant returns to scale.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Alainaaa8 on Apr 19, 2019

JaynaD87

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Alainaaa8

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

amandalm

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Reply 3 on: Yesterday
Excellent

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