When a firm is on the portion of its long run ATC curve that slopes upward,it is experiencing:
A) economies of scale.
B) diseconomies of scale.
C) constant returns to scale.
D) Any of these is possible.
Correct Answer:
Verified
Q132: A firm currently employs four workers in
Q133: The short run:
A) means the firm cannot
Q134: How long is the long run?
A) A
Q135: Costs that are "fixed":
A) depend on what
Q136: In the long run when average total
Q137: The marginal cost curve:
A) is U-shaped.
B) rises
Q138: A long-run ATC curve shows:
A) the minimum
Q139: The additional cost a firm will incur
Q140: Returns to scale describes the long-run relationship
Q142: When a firm is on the flat
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