The Portion of the Long-Run Average Cost Curve in Which

question 68

Multiple Choice

The portion of the long-run average cost curve in which economies of scale are experienced shows that as output increases,the

• A) average total cost decreases.
• B) average total cost increases.
• C) marginal cost increases.
• D) marginal cost decreases.
• E) average variable cost is constant and the average fixed cost decreases.

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Definitions:

Mobile Subscriptions

Regular payment plans that allow users access to mobile phone services, including data, voice, and messaging.

Batches

Groups of items, tasks, or data processed or treated together as a set in manufacturing or information technology contexts.

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Information, often in the form of facts or statistics, collected together for reference or analysis.

Amazon

An American multinational technology company focused on e-commerce, cloud computing, digital streaming, and artificial intelligence, considered one of the world’s most valuable brands.