The firms long-run average cost exhibits

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Reference no: EM13818132

A firm scaled up its operation by increasing all inputs by 100%. If the firm experienced 150% increase in the output, the firm's long-run average cost exhibits:

A) economies of scale at the current output level.

B) diseconomies of scale at the current output level.

C) a constant long-run average cost at the current output level.

D) diminishing marginal returns at the current output level.

Reference no: EM13818132

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