
Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950
Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 22
If a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit ________ of scale and ________ average total cost.
A) economies, falling
B) economies, rising
C) diseconomies, falling
D) diseconomies, rising
A) economies, falling
B) economies, rising
C) diseconomies, falling
D) diseconomies, rising
Explanation
Economies of scale are the cost advantag...
Essentials of Economics 7th Edition by Gregory Mankiw
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