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39) Economies of scale account for what part of a long-run average total cost curve? A) Upward-sloping B) Vertical C) Downward-sloping 40) If fixed costs are $960, variable costs are $1,440, and output is 12, then average total cost equals: A) $100. B) $ 80. C$120 D) Horizontal

39) Economies of scale account for what part of a long-run average total cost curve? A) Upward-sloping B) Vertical C) Downward-sloping 40) If fixed costs are $960, variable costs are $1,440, and output is 12, then average total cost equals: A) $100. B) $ 80. C$120 D) Horizontal

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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39) Economies of scale account for what part of a long-run average total cost curve? A) Upward-sloping B) Vertical C) Downward-sloping 40) If fixed costs are $960, variable costs are $1,440, and output is 12, then average total cost equals: A) $100. B) $ 80. C$120 D) Horizontal
Transcribed Image Text:39) Economies of scale account for what part of a long-run average total cost curve? A) Upward-sloping B) Vertical C) Downward-sloping 40) If fixed costs are $960, variable costs are $1,440, and output is 12, then average total cost equals: A) $100. B) $ 80. C$120 D) Horizontal
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