Question: Attempts 2. Individual Problems 7-4 Average / 1 falls remains constant rises Under increasing returns to scale, average cost cost curve is the average

Under increasing returns to scale, average cost cost curve is the average

Attempts 2. Individual Problems 7-4 Average / 1 falls remains constant rises Under increasing returns to scale, average cost cost curve is the average cost curve. as the quantity produced increases. Over this range of output, the marginal Attempts lower than 2. Individu higher than 4 Average / 1 equivalent to Under increas cale, average cost as the quantity produced increases. Over this range of output, the marginal cost curve is the average cost curve.

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