Table 68 Elegant Settings Manufactures Stainless Steel Cutlery

question 141

Multiple Choice

Table 6.8
$$\begin{array} { | c | c | } \hline \text { Quantity (sets) } & \begin{array} { c } \text { Long Run } \\\text { Average Cost } \\\text { (dollars) }\end{array} \\\hline 100 & 40 \\\hline 200 & 35 \\\hline 300 & 30 \\\hline 400 & 30 \\\hline 500 & 35 \\\hline\end{array}$$ Elegant Settings manufactures stainless steel cutlery. Table 6.8 shows the company's cost data.
-Refer to Table 6.8.Elegant Settings experiences _________.

• A) economies of scale up to an output level of 400
• B) diminishing returns up to an output level of 400
• C) increasing returns beyond an output level of 400
• D) economies of scale at an output of 300 or less and diseconomies of scale at an output level above 400

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