In the long run Firm A incurs total costs of $900 when output is 30 units and $1,200 when output is 40 units.Firm A exhibits
A) diseconomies of scale because total cost is rising as output rises.
B) constant returns to scale because average total cost is constant as output rises.
C) diseconomies of scale because average total cost is rising as output rises.
D) economies of scale because average total cost is falling as output rises.
Correct Answer:
Verified
Q8: The economic field of industrial organization examines
Q18: Economic profit is greater than or equal
Q85: In his book, An Inquiry into the
Q143: Figure 13-9
The figure below depicts average total
Q144: Figure 13-9
The figure below depicts average total
Q154: Figure 13-9
The figure below depicts average total
Q275: Figure 13-9
The figure below depicts average total
Q436: In the long run Firm A incurs
Q440: Figure 13-10 Q441: Table 13-15
Consider the following table of long-run
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