Economies of scale occur when:
A) an increase in the quantity of output decreases average total cost in the long run.
B) an increase in the quantity of output increases average total cost in the long run.
C) average total cost does not depend on the quantity of output in the long run.
D) None of these are correct.
Correct Answer:
Verified
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Q147: In the short run:
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Q150: Constant returns to scale occur when:
A)an increase
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