Multiple Choice
If the average total cost of producing 20 sweaters an hour falls when the firm doubles all its inputs, then the
A) firm moves along its short- run average total cost curve.
B) short- run average total cost curve shifts upward because all inputs have increased.
C) long- run average cost curve shifts downward.
D) firm experiences economies of scale.
Correct Answer:

Verified
Correct Answer:
Verified
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