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  3. Study Set
    Fundamentals of Economics
  4. Exam
    Exam 12: Macroeconomic Equilibrium: Aggregate Demand and Supply
  5. Question
    A Decline in Production Costs
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A Decline in Production Costs

Question 49

Question 49

Multiple Choice

A decline in production costs


A) reduces the amount of output produced.
B) increases the opportunity cost of doing business.
C) reduces the opportunity cost of doing business.
D) reduces business profits.
E) increases business revenues.

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