As the firm in the diagram expands from plant size #1 to plant size #3, it experiences
A) diminishing returns.
B) economies of scale.
C) diseconomies of scale.
D) constant costs.
Correct Answer:
Verified
Q325: The following statements about the "sunk cost
Q326: Q327: If the price of a variable resource Q328: If marginal cost exceeds average total cost Q329: When average variable cost is at a Q331: A firm with fixed costs produces at Q332: Economies and diseconomies of scale explain Q333: If the total cost of 20 units Q334: If the price of labor or some Q335: 
A)the profit-maximizing
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