The Portion of the Long-Run Average Cost Curve in Which

question 31

Multiple Choice

The portion of the long-run average cost curve in which economies of scale are experienced shows that, as output increases, the

• A) average total cost decreases.
• B) average variable cost is constant and the average fixed cost decreases.
• C) average total cost increases.
• D) marginal cost decreases.
• E) marginal cost increases.

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Dialog Box

A small window that prompts the user to make a decision or enter information, often part of a graphical user interface.

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