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If a firm doubles its output and its cost increase by 60%, the firm is experiencing
Classroom
Economics Classroom
Jamb
Jamb 1980
The Theory Of Production
Scale Of Production
More Topics
If a firm doubles its output and its cost increase by 60%, the firm is experiencing
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Increase cost
B
Economies of scale
C
Decreasing returns
D
Decreasing cost
E
None of the above
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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