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Question 118

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 B to C. A) constant returns to scale B) diseconomies of scale C) economies of scale D) falling marginal cost
-(Figure: Long-Run Average Cost) Look at the figure Long-Run Average Cost. This firm has _____ in the output region from B to C.


A) constant returns to scale
B) diseconomies of scale
C) economies of scale
D) falling marginal cost

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