Multiple Choice
A firm is producing 10,000 units of output at a total cost of $5,000. If the firm increases output by 5,000 units and its total costs rise by $2,000, the firm has:
A) economies of scale.
B) economies of scope.
C) constant returns to scale.
D) diseconomies of scale.
Correct Answer:
Verified
Correct Answer:
Verified
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