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    Business
  3. Study Set
    Microeconomics Study Set 30
  4. Exam
    Exam 12: Production and Cost Analysis II
  5. Question
    Refer to the Graph Shown
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Refer to the Graph Shown

Question 3

Question 3

Multiple Choice

Refer to the graph shown. The shift from SATC3 to SATC4 reflects: Refer to the graph shown. The shift from SATC<sub>3</sub> to SATC<sub>4</sub> reflects:   A)  economies of scale. B)  diseconomies of scale. C)  diminishing marginal productivity. D)  increasing marginal productivity.


A) economies of scale.
B) diseconomies of scale.
C) diminishing marginal productivity.
D) increasing marginal productivity.

Correct Answer:

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