The shape of the long-run average cost curve is primarily due to: O economies and diseconomies of scale. technological change. O diminishing marginal productivity. O indivisible set-up costs
The shape of the long-run average cost curve is primarily due to: O economies and diseconomies of scale. technological change. O diminishing marginal productivity. O indivisible set-up costs
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 28RQ: What shape of a long-run average cost curve illustrates economies of scale, constant returns to...
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Transcribed Image Text:The shape of the long-run average cost curve is primarily due to:
O economies and diseconomies of scale.
O technological change.
diminishing marginal productivity.
O indivisible set-up costs
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