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1- When average total cost shifts rightward and lower in larger plants, we say that production involves: constant economies of scale. the law of diminishing
1- When average total cost shifts rightward and lower in larger plants, we say that production involves:
constant economies of scale.
the law of diminishing returns.
economies of scale.
the Giffen Effect.
2- The basic benefit of plant expansion:
will always outweigh the drawbacks.
is a postponing of the crowding problem
is avoiding a coordination problem.
none of the others is true.
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