Use the following to answer questions:
Figure: Long-Run Average Cost
-(Figure: Long-Run Average Cost) Look at the figure Long-Run Average Cost. This firm has _____ in the output region from A to B.
A) constant returns to scale
B) economies of scale
C) diseconomies of scale
D) constant total cost as output increases

Question

Use the following to answer questions:
Figure: Long-Run Average Cost 
-(Figure: Long-Run Average Cost) Look at the figure Long-Run Average Cost. This firm has _____ in the output region from A to B.
A) constant returns to scale 
B) economies of scale 
C) diseconomies of scale 
D) constant total cost as output increases

Quizplus · Accepted Answer

The Answer of Use the following to answer questions:
Figure: Long-Run Average Cost 
-(Figure: Long-Run Average Cost) Look at the figure Long-Run Average Cost. This firm has _____ in the output region from A to B.
A) constant returns to scale 
B) economies of scale 
C) diseconomies of scale 
D) constant total cost as output increases

Use the Following to Answer Questions