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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 120

Question 120

Multiple Choice

Refer to the graph shown. The shift from SATC1 to SATC2 reflects: Refer to the graph shown. The shift from SATC<sub>1</sub> to SATC<sub>2</sub> reflects:   A)  economies of scale. B)  diseconomies of scale. C)  diminishing marginal productivity. D)  increasing marginal productivity.


A) economies of scale.
B) diseconomies of scale.
C) diminishing marginal productivity.
D) increasing marginal productivity.

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