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The Average Total Cost Curve Has a

Question 72

Multiple Choice

The average total cost curve has a The average total cost curve has a <sub> </sub> shape because the _____ effect is dominant at low levels of output,and the _____ effect is dominant at high levels of output. A) diminishing returns;spreading B) spreading;diminishing returns C) comparative advantage;absolute advantage D) absolute advantage;comparative advantage shape because the _____ effect is dominant at low levels of output,and the _____ effect is dominant at high levels of output.


A) diminishing returns;spreading
B) spreading;diminishing returns
C) comparative advantage;absolute advantage
D) absolute advantage;comparative advantage

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