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Social Studies, 02.03.2020 19:30 ruba806
1. Under which of the following circumstances is a firm experiencing economies of
scale?
A. The firm increases only its labor input, and output decreases.
B. The firm doubles its inputs, and output triples
C. The firm builds a new plant, and the average cost of production increases
D. The firm hires a new plant manager, and profits increase
E. The product price increases, and the firm increases its output
Number of Workers
Total Output
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