You Read a Story in the Newspaper About the "Economies

question 92

Multiple Choice

You read a story in the newspaper about the "economies of mass production." This means that

• A) total cost is less at larger levels of production.
• B) long-run average cost is less at larger levels of production.
• C) marginal cost is less at larger levels of production.
• D) fixed cost is less at larger levels of production.

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Definitions:

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