A firm experiemces A) diseconomies of scale, average total cost curve slopes downward B) economies of scale; long-Tun average cost curve slopes upward C) diminishing marginal returms; average total cost curve shifts upward. D) constant returns to scale, long-run average cost curve slopes downward E) None of the above when its as output increases.

A firm experiemces A) diseconomies of scale, average total cost curve slopes downward B) economies of scale; long-Tun average cost curve slopes upward C) diminishing marginal returms; average total cost curve shifts upward. D) constant returns to scale, long-run average cost curve slopes downward E) None of the above when its as output increases.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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