Economies of Scale

question 179

Multiple Choice

Economies of scale

• A)account for the downward-sloping portion of the long-run average cost curve.
• B)occur when an increase in resources causes a less-than-proportionate increase in output.
• C)suggest that the firm's marginal cost curve lies above its average cost curve.
• D)suggest that the firm's marginal cost curve is declining.
• E)are represented by the declining portion of the average fixed cost curve.

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