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Select all that apply Technological factors contributing to economies of scale include Multiple select question. higher capacity capital equipment costs proportionately less than lower capacity
Select all that apply Technological factors contributing to economies of scale include Multiple select question. higher capacity capital equipment costs proportionately less than lower capacity equipment. labor and capital become more productive together as output increases. capital equipment always becomes more productive as output increases. the quality of capital equipment can increase as output increases. excess capacity in capital equipment may lead to reduced unit costs as output increases
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