Question
In the long-run a firm has increased output so that their average total cost changed from...
In the long-run a firm has increased output so that their average total cost changed from $200 to an average total cost of $250.
This implies the firm is experiencing:
-
Economies of scale
-
Constant returns to scale
-
Diseconomies of scale
-
Diminishing returns to scale
Homework Answers
Answer #1
OPTION C DISECONOMIES OF SCALE
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