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:

Month of Sale

Refers to the specific month in which a sale was completed or recognized, used in accounting and financial reporting.

Merchandise Purchases

The cost of goods bought for resale during a specific accounting period.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company.

Desired Amount

The specific quantity of money or resources that an individual or organization aims to achieve or accumulate.