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14 Jan 2018
A firm scaled up its operation by increasing all inputs by 100%. If the firm experienced a 150% increase in the output, the firm's long-run average cost exhibits:
A) economies of scale at the current output level.
B) diseconomies of scale at the current output level.
C) a constant long-run average cost at the current output level.
D) diminishing marginal returns at the current output level.
A firm scaled up its operation by increasing all inputs by 100%. If the firm experienced a 150% increase in the output, the firm's long-run average cost exhibits:
A) economies of scale at the current output level.
B) diseconomies of scale at the current output level.
C) a constant long-run average cost at the current output level.
D) diminishing marginal returns at the current output level.
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