Multiple Choice
Buffalo Aircraft doubles the amount of all of the inputs it uses-the factory doubles in size and twice as many workers are hired.After this expansion, the number of aircraft produced triples.This means that Buffalo Aircraft is operating with:
A) increasing marginal cost.
B) economies of scale.
C) increasing average total cost.
D) decreasing average variable cost.
Correct Answer:
Verified
Correct Answer:
Verified
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