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    Microeconomics Study Set 30
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    Exam 12: Production and Cost Analysis II
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    Refer to the Graph Shown
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Refer to the Graph Shown

Question 122

Question 122

Multiple Choice

Refer to the graph shown. The output range in region b is associated with: Refer to the graph shown. The output range in region b is associated with:   A)  diminishing marginal productivity. B)  constant returns to scale. C)  economies of scale. D)  diseconomies of scale.


A) diminishing marginal productivity.
B) constant returns to scale.
C) economies of scale.
D) diseconomies of scale.

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