The Table Given Below Shows the Average Total Cost of Production

question 18

Multiple Choice

The table given below shows the average total cost of production of a firm at different levels of the output.Table 8.5

-A positively sloped long run average cost implies:

• A)economies of scale.
• B)constant returns to scale.
• C)diseconomies of scale.
• D)diminishing marginal returns to a factor.
• E)increasing returns to scale.

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