The ABC Corporation decreases all of its inputs by 12 percent and finds that its output falls by 8 percent. This means that initially it was producing
A) in the range of diseconomies of scale.
B) in the range of economies of scale.
C) where AP is less than MP.
D) in the range of constant returns to scale.
Correct Answer:
Verified
Q63: Round Things, Inc.'s production process exhibits economies
Q357: Which of the following is not a
Q358: Q359: When diseconomies of scale occur, Q360: If a firm doubles its output in Q361: If long-run average total cost decreases as Q363: When a firm doubles its inputs and
A)the long-run average
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