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If a firm doubles its output and its costs increase by 60%, the firm is experiencing
Classroom
Economics
Post Utme
Economics
If a firm doubles its output and its costs 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
Increasing costs
B
Economies of scale
C
Decreasing returns
D
Decreasing costs
E
None of the above
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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