The diagram shows the short-run average total cost curves for five different plant sizes of a firm. The position of these five curves in relation to one another reflects
A) economies and diseconomies of scale.
B) the effect of fixed costs on ATC as output increases.
C) the law of constant costs.
D) the law of diminishing returns.
Correct Answer:
Verified
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Q359: When diseconomies of scale occur,
A)the long-run average
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