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Consider a rm that enjoys economies of scale. i If this rm wants to produce four times as much output. it expects its total cost

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Consider a rm that enjoys economies of scale. i If this rm wants to produce four times as much output. it expects its total cost to be [SEIEEH \"" four times the initial cost. i If this rm wants to cut the output by 40%. it expects its total cost to be ' [Select] V 150% of its original cost

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