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Choose a good or service of your choice and identify which capital, labor and materials you need to produce it? Discuss why a firm can
- Choose a good or service of your choice and identify which capital, labor and materials you need to produce it?
- Discuss why a firm can vary all its economic resources needed for production in the long-run and not in the short-run.
- Discuss how a campany can achieve economies of scale in the long-run and how that would impact its average and total costs of production.
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