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    The Economics of Managerial Decisions
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    Exam 16: Using Present Value to Make Multi-Period Managerial Decisions
  5. Question
    Economies of Scale Are Achieved Is the Long- Run Average
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Economies of Scale Are Achieved Is the Long- Run Average

Question 11

Question 11

Multiple Choice

Economies of scale are achieved is the long- run average cost curve _______when output_______ .


A) falls; falls
B) rises; rises
C) falls; rises
D) rises; remains constant

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