The total cost of producing one unit is $50. The total cost of producing two units is $75. At a production level of two units, the cost function exhibits

The total cost of producing one unit is $50. The total cost of producing two units is $75. At a production level of two units, the cost function exhibits



A) economies of scale.
B) rising average costs.
C) increasing marginal costs.
D) constant returns to scale.


Answer: economies of scale.


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