Solved

When a Firm Operates at the Efficient Scale,what Explains the Characteristic

Question 74

Multiple Choice
When a firm operates at the efficient scale,what explains the characteristic of the average-total-cost-curve

When a firm operates at the efficient scale,what explains the characteristic of the average-total-cost-curve


A) Its average revenue must be less than the minimum of average total cost.
B) Its average revenue must be equal to the minimum of average total cost.
C) The average-total-cost curve must be falling.
D) The average-total-cost curve must be rising.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents