Use the Following to Answer Question

question 169

Multiple Choice

Use the following to answer question:
-(Figure: Long-Run Average Cost) Use Figure: Long-Run Average Cost.This firm has _____ in the output region from B to C.

• A)constant returns to scale
• B)decreasing returns to scale
• C)increasing returns to scale
• D)falling marginal cost

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Definitions:

1/1,000,000

A mathematical fraction denoting one part per million (ppm), often used to measure concentration levels in chemistry and environmental science.

Denominator

The denominator is the bottom part of a fraction, used to calculate a part of a whole.

Fraction

A numerical expression of the number of portions of a whole by using the number of portion over the designated whole number, as in 1/8 or “one-eighth.”