If there are diseconomies of scale within a given range of output, which of following is(are) TRUE? A.Long-run average cost must equal short-run average cost. B.The long-run average cost curve must be upward sloping within that range of output. C.The short-run average cost curve must be upward sloping within that range of output. D. All of the above.
If there are diseconomies of scale within a given range of output, which of following is(are) TRUE? A.Long-run average cost must equal short-run average cost. B.The long-run average cost curve must be upward sloping within that range of output. C.The short-run average cost curve must be upward sloping within that range of output. D. All of the above.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 18PAE
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![If there are diseconomies of scale within a given range of output, which of following is(are) TRUE?
A.Long-run average cost must equal short-run average cost.
B.The long-run average cost curve must be upward sloping within that range of output.
C.The short-run average cost curve must be upward sloping within that range of output.
D. All of the above.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd4932817-fef8-4cb9-935b-d10835e1cccd%2F50f384e2-1ffa-4ef9-b16c-7ee9a862cd30%2Fp2lv39s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If there are diseconomies of scale within a given range of output, which of following is(are) TRUE?
A.Long-run average cost must equal short-run average cost.
B.The long-run average cost curve must be upward sloping within that range of output.
C.The short-run average cost curve must be upward sloping within that range of output.
D. All of the above.
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