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Firm marginal cost function

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A ?rm reduces output by 25% and the cost per unit falls by 50%. We can thus infer that: Select one: 0 a. The ?rm is experiencing economies of scale. 0 b. The ?rm is experiencing diseconomies of scale. 0 c. The ?rm's marginal cost function is decreasing. 0 d. The ?rm is producing at the minimum of its average cost function.

Reference no: EM133066332

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