The Short-Run Average Total Cost Curve Gets Its U-Shape as a Result

question 150

Multiple Choice

The short-run average total cost curve gets its U-shape as a result of

• A)constant returns to scale.
• B)diminishing marginal returns.
• C)economies of scale.
• D)total fixed costs.
• E)diseconomies of scale.

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Hard-Line Position

A firm and uncompromising stance taken during negotiations or disputes, where little to no concession is offered.

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