A firm increases the quantity of all resources it employs, Ask an Expert

Economics

A firm increases the quantity of all resources it employs by 5 percent. As a result, output increases by 7 percent. This is an example of: A. Minimum efficient scale B. Diminishing marginal returns C. Decreasing long-run average costs D. Economies of scale

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720593

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