Use the Following Graph to Answer the Following Questions

question 148

Multiple Choice

Use the following graph to answer the following questions.

-If the firm expanded its scale of production and found that its average costs decreased,which of the curves would reflect this situation?

• A) LRATC2 and LRATC3
• B) LRATC2
• C) LRATC1
• D) LRATC3
• E) LRATC1 and LRATC2

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Particular Characteristics

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Referring to questions or formats that limit responses to a predefined set of options, allowing for easier quantification of results.

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