Economies of scale often arise because higher production levels allow specialization among workers.
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Q46: If the marginal cost of producing the
Q47: When average total cost rises if a
Q48: Because of the greater flexibility that firms
Q49: The marginal-cost curve intersects the average-total-cost curve
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Q52: In the long run, a factory is
Q53: If the marginal cost of producing the
Q54: Average total cost reveals how much total
Q55: Fixed costs are those costs that remain
Q56: If the marginal cost of producing the
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