Suppose the Output Elasticity of Total Cost Is 1

question 43

Multiple Choice

Suppose the output elasticity of total cost is 1.5. This implies the average cost curve exhibits:

• A)increasing returns to scale.
• B)economies of scale.
• C)neither economies nor diseconomies of scale.
• D)diseconomies of scale.

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Definitions:

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Ex-girlfriend

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Cumulative Record

A comprehensive record that shows the total number of responses over time, often used in behavioral analysis.

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