Which of the Following Best Illustrates the Cost Curves of a Firm

question 16

Multiple Choice

Which of the following best illustrates the cost curves of a firm that is experiencing economies of scale?

• A) The short-run marginal cost is falling as output expands.
• B) The long-run marginal cost is falling as output expands.
• C) The long-run average total cost is falling as output expands.
• D) The short-run average total cost is falling as output expands.

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