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Business, 05.05.2020 16:05 nessross1018

Round Things, Inc.'s production process exhibits economies of scale. Currently their long-run average cost is $1/unit. If Round Things doubles its use of all inputs, its new long-run average total cost will be:.

A. $1/unit

B. Less than $1/unit

C. Greater than $2/unit

D. Greater than $1/unit but less than $2/unit

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Answers: 1

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