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Long-run production costs

AP.MICRO: PRD‑1 (EU), PRD‑1.A (LO), PRD‑1.A.10 (EK), PRD‑1.A.11 (EK), PRD‑1.A.12 (EK), PRD‑1.A.9 (EK)


Pie Claudius is a firm that produces and sells bean pies. Recently it increased its inputs by 60, percent and output increased by 60, percent.
What did this firm experience?
Choose 1 answer: