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If , when a firm doubles all its inputs, its average cost of production decreases, then production displays a . diminishing returns. b . economies
If when a firm doubles all its inputs, its average cost of production decreases, then production displays
a diminishing returns.
b economies of scale.
c diseconomies of scale.
d declining fixed costs.
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Managerial Economics A Problem-Solving Approach
Authors: Luke M. Froeb, Brain T. Mccann
2nd Edition
B00BTM8FK0
