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The ABC Corporation Decreases All of Its Inputs by 18

Question 360

Multiple Choice

The ABC Corporation decreases all of its inputs by 18 percent and finds that its output falls by 18 percent. This means that initially it was producing


A) in the range of constant returns to scale.
B) in the range of economies of scale.
C) where AP is less than MP.
D) in the range of diseconomies of scale.

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