Which statement is not correct? Answer The real cost of producing X is the amoun

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Which statement is not correct? Answer The real cost of producing X is the amounts of products Y, Z, etc., which might have been produced with the resources devoted to X Diseconomies of scale arise primarily from the difficulties in managing and coordinating a large-scale business enterprise The law of diminishing returns accounts for the fact that the long-run average total cost curve is U-shaped Average fixed costs diminish so long as output increases Which statement is not correct? The real cost of producing X is the amounts of products Y, Z, etc., which might have been produced with the resources devoted to X Diseconomies of scale arise primarily from the difficulties in managing and coordinating a large-scale business enterprise The law of diminishing returns accounts for the fact that the long-run average total cost curve is U-shaped Average fixed costs diminish so long as output increases The real cost of producing X is the amounts of products Y, Z, etc., which might have been produced with the resources devoted to X Diseconomies of scale arise primarily from the difficulties in managing and coordinating a large-scale business enterprise The law of diminishing returns accounts for the fact that the long-run average total cost curve is U-shaped Average fixed costs diminish so long as output increases

Explanation / Answer

The real cost of producing X is the amounts of products Y, Z, etc., which might have been produced with the resources devoted to X The real cost of producing X is the amounts of products Y, Z, etc., which might have been produced with the resources devoted to X

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