The Long-Run Average Cost of Producing 12 Units of Output

question 9

Multiple Choice

The long-run average cost of producing 12 units of output is $54; the long-run average cost of producing 13 units is $56. These numbers illustrate:

• A) economies of scale.
• B) diseconomies of scale.
• C) economies of scope.
• D) diminishing marginal productivity.

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