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

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section12.4: Costs In The Short Run And In The Long Run

Problem 4QQ

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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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