Discuss the economic concept of the long-run average cost
Discuss the economic concept of the long-run average cost curve and how it can be used to explain returns to scale, taking into account the factors that result in returns to scale.
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discuss how the production possibility frontier ppf can be used to illustrate economic growth include in your answer
discuss the economic concept of the long-run average cost curve and how it can be used to explain returns to scale
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discuss inductive versus deductive reasoning and how you would apply the concepts of each inductive and deductive
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