a hog meat producer expands its facilities and finds it is able to slaughter a greater number of hogs at a lower long-run average total cost per pound of hog meat. what economic concept does this describe?

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15-12-2022
Business

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a hog meat producer expands its facilities and finds it is able to slaughter a greater number of hogs at a lower long-run average total cost per pound of hog meat. what economic concept does this describe?

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Bhupendarkumar Bhupendarkumar · Answer 1 · 2022-12-20T04:50:44-05:00

In the last 15 years, the structure of swine production in the United States has changed, as seen by the growing scale and specialisation of hog operations.

What is economic explain?

Economic still refers to the study of scarcity and how it impacts the utilisation of resources, the production of goods and services, the rise in production and welfare through time, as well as a diverse variety of other complex issues that are very important to society.

What is economic explain?

Economics remains the study of scarcity and how it impacts the utilisation of resources, the production of goods and services, the rise in production and welfare through time, as well as a large variety of other complex issues that are very significant to society.

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