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Modern beer production involves canning and bottling mass quantities of beer at very high speed. This helps ______________ the _________________ and achieve: Reduce; average fixed
Modern beer production involves canning and bottling mass quantities of beer at very high speed. This helps ______________ the _________________ and achieve:
- Reduce; average fixed cost; economies of scale
- Increase; marginal product of labor; diseconomies of scale
- Reduce; average product of labor; unit elasticity
- Increase; marginal fixed cost of labor; profit maximization.
- Change; elasticity of demand towards 1.00; maximum revenue.
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