The long-run average cost curve will be upward sloping when the firm is experiencing:
A) economies of scale.
B) diseconomies of scale.
C) constant returns to scale.
D) diminishing returns.
Correct Answer:
Verified
Q143: In the long run:
A) the firm considers
Q184: When diseconomies of scale occur, the:
A)long-run average
Q186: Q186: The slope of a long-run average total Q187: Figure: Long-Run and Short-Run Average Cost Curves Q189: When an increase in the firm's output Q190: When an increase in the firm's output Q191: It is common in large beer breweries Q193: A firm that is able to utilize Q220: The slope of a long-run average total![]()
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