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Can you explain the answer to this question why it is correct? Question: The total cost of producing one unit is $50. The total cost
Can you explain the answer to this question why it is correct?
Question:
The total cost of producing one unit is $50. The total cost of producing two units is $75. At a production level of two
units, the cost function exhibits
Select one:
a. constant returns to scale
b. rising total costs
c. economies of scale - correct
d. increasing marginal costs
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