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    Microeconomics Study Set 23
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    Exam 7: The Cost of Production
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    Figure 7.5.1 -When a Product Transformation Curve Is Bowed Outward, There Are
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Figure 7.5.1 -When a Product Transformation Curve Is Bowed Outward, There Are

Question 54

Question 54

Multiple Choice

  Figure 7.5.1 -When a product transformation curve is bowed outward, there are ________ in production. A)  economies of scope B)  economies of scale C)  diseconomies of scope D)  diseconomies of scale E)  none of the above Figure 7.5.1
-When a product transformation curve is bowed outward, there are ________ in production.


A) economies of scope
B) economies of scale
C) diseconomies of scope
D) diseconomies of scale
E) none of the above

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