Multiple Choice
In the long run a company that produces and sells covers for cell phones incurs total costs of $2,500 when output is 1,250 covers and $4,000 when output is 1,500 covers. For this range of output, the cell phone cover 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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