The Portion of the Long-Run Average Cost Curve in Which

question 68

Multiple Choice

The portion of the long-run average cost curve in which economies of scale are experienced shows that as output increases,the

• A) average total cost decreases.
• B) average total cost increases.
• C) marginal cost increases.
• D) marginal cost decreases.
• E) average variable cost is constant and the average fixed cost decreases.