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34) As the volume of production in a firm increases, the average cost per un decreasesti some optimal volume of production is

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Answer #1

Answer 34: (A) Average cost of production begins to rise because of diseconomies of scale.

Answer 35: (D) Process Manufacturing

Answer 36: (A) High levels of production are associated with High levels of employee specialization.

Answer 37: (D) Learning Curve Economies

Answer 38: (D) Corporate level Strategies

Answer 39: (B) Price Makers

Answer 40: (B)

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