Figure: Long-Run and Short-Run Average Cost Curves (Figure:Long-Run

question 94

Multiple Choice

Figure: Long-Run and Short-Run Average Cost Curves (Figure:Long-Run and Short-Run Average Cost Curves ) Look at the figure Long-Run and Short-Run Average Cost Curves.If a firm is producing at point C on the ATC2 but anticipates increasing output to 225,000 units in the long run, the firm will build a ________ plant and have _.

• A)smaller; economies of scale
• B)smaller; diseconomies of scale
• C)bigger; economies of scale
• D)bigger; diseconomies of scale

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