Business, 19.11.2019 04:31 Kzamor

Ray hires students at $90 a day to paint houses. he leases equipment that costs $70 a day. suppose that ray doubles the number of students he hires and doubles the amount of equipment that he leases. if ray experiences economies of scale, his long-run average cost curve a. slopes upward b. is horizontal c. slopes downward d. shifts upward e. shifts downward

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Ray hires students at $90 a day to paint houses. he leases equipment that costs $70 a day. suppose t...

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