Multiple Choice
The long-run average total cost of producing 100 units of output is $4,while the long-run average cost of producing 110 units of output is $4.These numbers suggest that between 100 and 110 units of output,the firm producing this output has:
A) economies of scale.
B) diseconomies of scale.
C) constant returns to scale.
D) diminishing returns.
Correct Answer:
Verified
Correct Answer:
Verified
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