When diseconomies of scale occur: A. the long-run average total cost B. marginal cost intersects average O C. the long-run average total cost curve falls O D. average fixed costs total cost curve rises will rise

When diseconomies of scale occur: A. the long-run average total cost B. marginal cost intersects average O C. the long-run average total cost curve falls O D. average fixed costs total cost curve rises will rise

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 5CQQ

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Concept explainers

Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.

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