If Production Displays Diseconomies of Scale, the Long-Run Average Cost

question 149

Multiple Choice

If production displays diseconomies of scale, the long-run average cost curve is

• A)above the short-run average total cost curve.
• B)above the long-run marginal cost curve.
• C)upward sloping.
• D)downward sloping.

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Definitions:

Spreadsheet

A digital worksheet used for organizing, analyzing, and storing data in a tabular form.

Profit Generated

The total earnings resulting from business activities after subtracting all expenses and costs.

Production Data

Refers to information generated during the manufacturing or production process of a company, detailing aspects like quantity manufactured, defects, and production time.

Sales Data

Information regarding the quantity of goods or services sold within a specific period, often used for analysis in business strategies.