The Diagram Shows the Short-Run Average Total Cost Curves for Five

question 137

Multiple Choice

The diagram shows the short-run average total cost curves for five different plant sizes of a firm. The position of these five curves in relation to one another reflects

• A)economies and diseconomies of scale.
• B)the effect of fixed costs on ATC as output increases.
• C)the law of constant costs.
• D)the law of diminishing returns.

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Pertains to the study of personality, values, opinions, attitudes, interests, and lifestyles of individuals or groups.

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