Multiple Choice
Suppose that a firm's long-run average total costs of producing an individual income tax return is $75 when it produces 1,000 returns and $75 when it produces 1,200 returns. For this range of output, the firm is experiencing
A) economies of scale.
B) constant returns to scale.
C) diseconomies of scale.
D) specialization.
Correct Answer:
Verified
Correct Answer:
Verified
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