When a firm can achieve economies of scale by expanding, its long-run ATC curve:
A) slopes down.
B) slopes up.
C) is flat.
D) can slope up, slope down, or be flat.
Correct Answer:
Verified
Q137: Average total cost:
A)is the sum of average
Q138: Q139: Average total cost: Q140: A sandwich shop has six months left Q141: Diseconomies of scale occur when: Q143: A long-run ATC curve shows: Q144: In the long run, when average total Q145: In the long run, when an increase Q146: When a firm is on the portion Q147: In the short run:
A)decreases when output levels are
A)an increase in
A)the minimum average
A)a firm cannot increase
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