Which of the following explains why long-run average total cost at first decreases as output increases?
A)diseconomies of scale
B)less efficient use of lumpy inputs
C)fixed costs become spread out over more units of output
D)gains from specialization of inputs
E)marginal costs rise at a slower rate than average costs in the short run

Question

Quizplus · Accepted Answer

The Answer of Which of the following explains why long-run average total cost at first decreases as output increases?
A)diseconomies of scale
B)less efficient use of lumpy inputs
C)fixed costs become spread out over more units of output
D)gains from specialization of inputs
E)marginal costs rise at a slower rate than average costs in the short run

Which of the Following Explains Why Long-Run Average Total Cost