Multiple Choice
Exhibit 8-11 
-Refer to Exhibit 8-11, which is a long-run average total cost (ATC) schedule. At 3 units of output, the firm's production is in
A) decreasing marginal cost.
B) increasing marginal product of labor.
C) constant returns to scale.
D) economies of scale.
E) diseconomies of scale.
Correct Answer:
Verified
Related Questions
Q151: Exhibit 8-10 Q152: Constant returns to scale occur when![]()
A)the marginal