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    Economics for Managers
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    Exam 6: Production and Cost Analysis in the Long Run
  5. Question
    "Learning by Doing" Results in Decreased Average Costs of Production
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"Learning by Doing" Results in Decreased Average Costs of Production

Question 71

Question 71

True/False

"Learning by doing" results in decreased average costs of production and is illustrated by a downward shift of the firm's long-run average cost curve.

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