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Exhibit 21-4 ​

Question 154

Multiple Choice

Exhibit 21-4
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Exhibit 21-4 ​ -Diseconomies of scale are present when the __________ average total cost curve is __________. A) short-run; falling B) short-run; rising C) long-run; falling D) long-run; rising E) b and d
-Diseconomies of scale are present when the __________ average total cost curve is __________.


A) short-run; falling
B) short-run; rising
C) long-run; falling
D) long-run; rising
E) b and d

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