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. diseconomies of scale.

b. economies of scale.

c. specialization.

d. constant returns to scale.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91568161

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