Multiple Choice
Use the figure below to answer the following question.
Figure 11.4.3
-Refer to Figure 11.4.3 which shows a firm's long-run average total cost curve. An increase in production from Q₁ to Q₂ sweaters per day produces
A) the minimum efficient scale.
B) economies of scale.
C) diseconomies of scale.
D) constant total costs.
E) constant returns to scale.
Correct Answer:

Verified
Correct Answer:
Verified
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