Economies of scale occur when a firm's long-run average total cost curve is:.

What would be the input, conversion and output of developing a new soft drink

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Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be: