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The larger the quantity, the more quantity over which the fixed cost is distributed. This is the q , effect, which leads to q ,
The larger the quantity, the more quantity over which the fixed cost is distributed. This is the effect, which leads to average fixed costs as quantity rises.
spread; lower
spread; higher
diminishing marginal product; lower
diminishing marginal product; higher
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Analysis Of Economic Data
Authors: Gary Koop
3rd Edition
0470713895, 9780470713891
