When a Firm Is on the Portion of Its Long

question 12

Multiple Choice

When a firm is on the portion of its long run ATC curve that slopes upward,it is experiencing:

• A)diseconomies of scale.
• B)economies of scale.
• C)constant returns to scale.
• D)Any of these is possible.

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Definitions:

Equal

Having the same value, quantity, measure, or significance in comparison.

Set of Data

A collection of related pieces of information, typically measurements or observations, that are analyzed to derive a conclusion.

Mean

The mean of a number set, found by summing all the numbers together and then dividing by the total number of values in the set.

Equal

Denotes being the same in quantity, size, degree, or value.