If a firm's long- run average cost is $4 and when output increases long- run average cost increases to $4.50, the firm is experiencing _______ .
A) economies of scale
B) constant returns to scale
C) diseconomies of scale
D) a shift in its long- run average cost curve
Correct Answer:
Verified
Q106: At a particular output level, if a
Q107: Diseconomies of scale are often associated with
Q108: If a firm's long- run average cost
Q109: A technological advance in the production of
Q110: Diseconomies of scale are often associated with
Q112: A technological advance in the production of
Q113: At a particular output level, if a
Q114: If a firm's long- run average cost
Q115: If a firm is minimizing costs at
Q116: At a particular output level, if a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents