Economics · Economies of Scale
The cost-output elasticity of a firm equals 1.4. This implies that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1there are economies of scale.
- 2there are diseconomies of scale.✓
- 3there are neither economies nor diseconomies of scale.
- 4marginal cost is less than the average cost.
Correct answer
there are diseconomies of scale.
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