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Question 315

Multiple Choice

Use the following to answer questions:
Figure: Long-Run Average Cost Use the following to answer questions: Figure: Long-Run Average Cost -(Figure: Long-Run Average Cost) Look at the figure Long-Run Average Cost. This firm has _____ in the output region from 0 to A. A) diseconomies of scale B) constant returns to scale C) economies of scale D) negative costs of production
-(Figure: Long-Run Average Cost) Look at the figure Long-Run Average Cost. This firm has _____ in the output region from 0 to A.


A) diseconomies of scale
B) constant returns to scale
C) economies of scale
D) negative costs of production

Correct Answer:

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