Refer to the above figure. Economies of scale exist
A. over the entire range of output.
B. up to output Q2.
C. after output Q5.
D. from output Q2 to Q5.
Answer: B
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What will be an ideal response?
Which of the following is correct?
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At a recent company meeting, Ravi Batra, sales manager of Life's a Beach, a surfboard producer announced, "We have increased our sales by 13 percent in just 9 months." Suppose 9 months ago, its sales amounted to $245,000, what is the value of its sales
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Which of the following is a microeconomic question?
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