Table 13-17 Consider the Following Table of Long-Run Total Cost for Four

question 467

Multiple Choice

Table 13-17
Consider the following table of long-run total cost for four different firms:
-Refer to Table 13-17. Which firm has economies of scale and then diseconomies of scale as output increases from 1 to 7?

• A)Firm 1
• B)Firm 2
• C)Firm 3
• D)Firm 4

---

Definitions:

Dentin

The hard, dense, bony tissue forming the bulk of a tooth beneath the enamel.

Crown

In dentistry, a type of dental restoration which completely caps or encircles a tooth or dental implant, used to improve their appearance or strength.

Pilonidal

Pertaining to a type of cyst that occurs in the crease of the buttocks and can become infected and filled with pus.

Pil/o

A prefix in medical terminology related to hair, such as in pilosebaceous, which refers to structures consisting of hair and its associated sebaceous gland.