On the upward sloping portion of a firmʹs long run average cost curve they are experiencing ________ Question 12Answer a. diseconomies of scale b. constant returns to scale c. economies of scale d. diminishing marginal returns

On the upward sloping portion of a firmʹs long run average cost curve they are experiencing ________ Question 12Answer a. diseconomies of scale b. constant returns to scale c. economies of scale d. diminishing marginal returns

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 15SQ

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Question

On the upward sloping portion of a firmʹs long run average cost curve they are experiencing ________

Question 12Answer

diseconomies of scale

constant returns to scale

economies of scale

diminishing marginal returns

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