4. By increasing its plant size, Nike was able to double its output. But the change resulted...

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4. By increasing its plant size, Nike was able to double its output. But the change resulted in a more than doubling of its total costs. Economists would say that by moving to the larger plant, Nike was experiencing

a. the effects of the law of diminishing returns.

b. the effects of the law of increasing costs.

c. economies of scale.

d. diseconomies of scale.

e. constant returns to scale.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 08, 2024 02:01 AM

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4. By increasing its plant size, Nike was able to double its output. But the change resulted...

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Principles Of Microeconomics

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