Adam Smith noted each of the following economies of scale except _______. a) specialization b) employment of

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Adam Smith noted each of the following economies of scale except _______.

a) specialization

b) employment of expensive equipment

c) saving of time that would otherwise be spent going from one task to another

d) diminishing returns

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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Adam Smith noted each of the following economies of scale except _______. a) specialization b) employment of

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Adam Smith did not consider diminishing returns as an economy of scale Heres the reasoning Economies ...View the full answer

Microeconomics

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