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Business, 31.05.2021 19:30 gracie2492
As a shoe company produces more shoes the average total cost of each shoe produced increases. This is because there are:.
a. economies of scale.
b. total fixed costs are decreasing as more shoes are produced.
c. average variable cost is decreasing as more shoes are produced.
d. none of the above.
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As a shoe company produces more shoes the average total cost of each shoe produced increases. This i...
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