Use the Figure Below to Answer the Following Question

question 105

Multiple Choice

Use the figure below to answer the following question.
Figure 11.4.3
-Refer to Figure 11.4.3 which shows a firm's long-run average total cost curve.An increase in production from Q₁ to Q₂ sweaters per day produces

• A)the minimum efficient scale.
• B)economies of scale.
• C)diseconomies of scale.
• D)constant total costs.
• E)constant returns to scale.

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Definitions:

Sue

To initiate a legal proceeding against an entity or individual for the recovery of rights, redress of harms, or enforcement of agreements.

Type of Contract

A legal agreement between parties that outlines their rights, duties, and responsibilities.

Obligate

To bind or compel someone legally or morally to do something.

Checkout Line

The queue or line of customers waiting to pay for their purchases at a retail outlet.