Solved

Use the Figure Below to Answer the Following Question

Question 66

Multiple Choice

Use the figure below to answer the following question.
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.
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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions