If a firm doubles its resource inputs and as a result output triples, then the long-run average cost curve must be upward-sloping.
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Q26: When average costs are increasing, marginal costs
Q27: If a firm increases all its inputs
Q28: The following is cost information for the
Q29: The following is cost information for the
Q30: The following is cost information for the
Q32: Diseconomies of scale are caused by the
Q33: The following is cost information for the
Q34: If the minimum efficient scale in an
Q35: Suppose that a business incurred implicit costs
Q36: The short-run marginal-cost curve is upward-sloping because
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