A positively sloped long-run average total cost curve means there are economies of scale.
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Q1: Fixed costs stay the same even as
Q2: Diminishing returns set in when a firm
Q3: The total variable cost curve increases at
Q4: Total costs never decrease as output increases.
Q6: There are significant differences in the general
Q7: A study of actual business people showed
Q8: The social and economic environment plays a
Q9: Fixed cost will decrease with increases in
Q10: The total cost of production is measured
Q11: A decrease in labor productivity will increase
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