The behavior of average total cost in the following figure could be caused by: 
A) the Law of Diminishing Returns if the firm were producing in the short run.
B) economies and diseconomies of scale if the firm were producing in the long run.
C) either a or b above.
D) none of the above.
Correct Answer:
Verified
Q127: Q128: Q129: Q130: Which of the following causes economies of Q131: A business could experience diseconomies of scale Q133: According to Application 12.3, "A Distance-Ed Student Q134: Which of the following occurs as the Q135: Which of the following short-run costs does Q136: Which of the following costs keeps getting Q137: The behaviors of short-run marginal cost, average Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
