Exhibit 8.2 -Refer to Exhibit 8.2.The Shape of the Total Cost Curve

Exhibit 8.2

-Refer to Exhibit 8.2.The shape of the total cost curve between the output levels represented by points a and b reflects _____

A) fixed costs.
B) increasing profits.
C) diminishing marginal returns.
D) increasing marginal returns.
E) economies of scale.