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Chase Bank recently spent millions of dollars from 2016 to 2017 to upgrade its automated loan...

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Economics

Chase Bank recently spent millions of dollars from 2016 to2017 to upgrade its automated loan underwriting software to lowerloan processing costs and they outsorced their customer callingcenter to the mid west to escape the high-tax, high-regulation, andanti-business attitude they faced in California. these are all goodexamples of adjusting what type of cost structure?

A) Short run Cost structure
B) Long-run cost structure
C) Marginal Utility cost structure
D) None of the above

Answer & Explanation Solved by verified expert
4.3 Ratings (595 Votes)
These are all good example of Longrun cost structure A long run cost structure is a time period during which a manufacturer or producer is flexible in its production decisions Businesses can either expand or    See Answer
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