Suppose that a firmrsquos long-run average total costs of, Ask an Expert

Economics

Suppose that a firm’s long-run average total costs of producing an individual income tax return is $75 when it produces 1,000 returns and $75 when it produces 1,200 returns. For this range of output, the firm is experiencing a. constant returns to scale. b. economies of scale. c. diseconomies of scale. d. specialization.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91567328

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