Figure 13-9 the Figure Below Depicts Average Total Cost Functions for a for a Firm

question 124

Multiple Choice

Figure 13-9
The figure below depicts average total cost functions for a firm that produces automobiles.
-Refer to Figure 13-9. At levels of output between M and N, the firm experiences

• A)economies of scale.
• B)diseconomies of scale.
• C)constant returns to scale.
• D)both the benefits of specialization and diminishing marginal productivity.

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