7. Which of the following is NOT an explanation for operation of scale economies? a. decreases in average fixed costs as output increases in capital-intensive industries b. increases in experience in the production of some good or service c. decreases of average labor costs with the use of more specialized machinery d. none of the above

7. Which of the following is NOT an explanation for operation of scale economies? a. decreases in average fixed costs as output increases in capital-intensive industries b. increases in experience in the production of some good or service c. decreases of average labor costs with the use of more specialized machinery d. none of the above

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: The Cost Of Production

Section: Chapter Questions

Problem 1PA

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Similar questions

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