The accompanying table gives cost data for a firm that is selling in a purely competitive market. The marginal cost column reflects
A)the law of diminishing returns.
B)the law of diminishing marginal utility.
C)diseconomies of scale.
D)economies of scale.

Question

The accompanying table gives cost data for a firm that is selling in a purely competitive market. The marginal cost column reflects
A)the law of diminishing returns. 
B)the law of diminishing marginal utility. 
C)diseconomies of scale. 
D)economies of scale.

Quizplus · Accepted Answer

The Answer of  The accompanying table gives cost data for a firm that is selling in a purely competitive market. The marginal cost column reflects
A)the law of diminishing returns. 
B)the law of diminishing marginal utility. 
C)diseconomies of scale. 
D)economies of scale.

The Accompanying Table Gives Cost Data for a Firm That