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ivoryhare127Lv1
11 Dec 2019
For which of the following reason(s) may firms experience economies of scale?
A) Firm's production may increase with a smaller proportional increase in at least one input.
B) Large firms may be able to purchase inputs at lower costs than smaller competitors; they can also borrow money at a lower interest rate.
C) Both managers and workers may become more specialized and hence more productive as output expands.
D) All of the above.
For which of the following reason(s) may firms experience economies of scale?
A) Firm's production may increase with a smaller proportional increase in at least one input.
B) Large firms may be able to purchase inputs at lower costs than smaller competitors; they can also borrow money at a lower interest rate.
C) Both managers and workers may become more specialized and hence more productive as output expands.
B) Large firms may be able to purchase inputs at lower costs than smaller competitors; they can also borrow money at a lower interest rate.
C) Both managers and workers may become more specialized and hence more productive as output expands.
D) All of the above.
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Joshua StredderLv10
7 Nov 2020