Exhibit 8.2 -Refer to Exhibit 8.2.The Shape of the Total Cost Curve

question 59

Multiple Choice

Exhibit 8.2

-Refer to Exhibit 8.2.The shape of the total cost curve between the output levels represented by points a and b reflects _____

• A)fixed costs.
• B)increasing profits.
• C)diminishing marginal returns.
• D)increasing marginal returns.
• E)economies of scale.

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