For most restaurants,the average total cost curve _____ at _____ levels of output,then _____ at _____ levels.
A)falls;low;rises;high
B)rises;low;falls;high
C)rises;high;rises;low
D)falls;high;falls;low

Question

Quizplus · Accepted Answer

For most restaurants, the average total cost curve falls at low levels of output due to economies of scale, then rises at high levels due to diseconomies of scale.

For Most Restaurants,the Average Total Cost Curve _____ at _____

For Most Restaurants,the Average Total Cost Curve _ at _