Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

Chapter 13 - Part V - The Costs of Production - Quick Check Multiple Choice - Page 276: 6

Answer

a

Work Step by Step

If a higher level of production allows workers to specialize in particular task, firms will likely exhibit economies of scale and falling average total cost. This means more and more of output is produced at least possible cost.
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