Multiple Choice
In the long run a company that produces and sells laundry detergent incurs total costs of $2,500 when output is 1,250 units and $2,750 when output is 1,500 units. For this range of output, the laundry detergent company exhibits
A) economies of scale.
B) constant returns to scale.
C) diseconomies of scale.
D) efficient scale.
Correct Answer:
Verified
Correct Answer:
Verified
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