The slope of a long-run average total cost curve exhibiting increasing returns to scale is:
A)zero.
B)infinite.
C)positive.
D)negative.

Name: The slope of a long-run average total cost curve exhibiting increasing returns to scale is: A)zero. B)infinite. C)positive. D)negative.
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Question

Quizplus · Accepted Answer

The slope of a long-run average total cost curve exhibiting increasing returns to scale is negative, indicating that as output increases, the average total cost decreases.

The Slope of a Long-Run Average Total Cost Curve Exhibiting