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Gadgets & Gizmos, Incorporated production process currently exhibits diseconomies of scale. Currently their long-run average cost is $20/unit. If Gadgets & Gizmos increases its use
Gadgets & Gizmos, Incorporated production process currently exhibits diseconomies of scale. Currently their long-run average cost is $20/unit. If Gadgets & Gizmos increases its use of all inputs, its new long-run average total cost will be Multiple Choice $20/unit. less than $20/unit. greater or less than $20/unit. greater than $20/unit
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
