The -Shape of the Long-Run Average Total Cost Curve

question 113

Multiple Choice

The -shape of the long-run average total cost curve is primarily due to:

• A)technological change.
• B)economies and diseconomies of scale.
• C)fixed costs.
• D)diminishing returns.

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Definitions:

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The state of being barred from one's native country, typically for political or punitive reasons.

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A liquid with magical properties, often used in fantasy literature and games to heal, harm, or cast spells.

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The art or process of marking the skin with designs, letters, or pictures by inserting pigment under the skin.