ATC B. Output 15. In the above long-run average total cost curve the: A) movement from A to B reflects diseconomies of scale. B) movement from B to C reflects diseconomies of scale. C) realization of economies of scale would shift the entire curve downward. D) diminishing returns. movement from B to C reflects the law of Average cost
ATC B. Output 15. In the above long-run average total cost curve the: A) movement from A to B reflects diseconomies of scale. B) movement from B to C reflects diseconomies of scale. C) realization of economies of scale would shift the entire curve downward. D) diminishing returns. movement from B to C reflects the law of Average cost
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question

Transcribed Image Text:ATC
B.
Output
15.
In the above long-run average total cost curve
the:
A)
movement from A to B reflects
diseconomies of scale.
B)
movement from B to C reflects
diseconomies of scale.
C)
realization of economies of scale would
shift the entire curve downward.
D)
diminishing returns.
movement from B to C reflects the law of
Average cost
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Recommended textbooks for you


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON

Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning

Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education