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-Refer to the Graph Above to Answer This Question

Question 1

Multiple Choice

-Refer to the graph above to answer this question.Between what output levels do increasing returns to scale exist? A) Q<sub>1</sub> and Q<sub>2</sub> only. B) Q<sub>1</sub> and Q<sub>3</sub> only. C) Q<sub>1</sub> and Q<sub>4</sub>. D) Q<sub>1</sub> and Q<sub>5</sub>. E) Q<sub>4</sub> and Q<sub>5</sub>.
-Refer to the graph above to answer this question.Between what output levels do increasing returns to scale exist?


A) Q1 and Q2 only.
B) Q1 and Q3 only.
C) Q1 and Q4.
D) Q1 and Q5.
E) Q4 and Q5.

Correct Answer:

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