On the upward sloping portion of a firmʹs long run average cost curve they are experiencing: ______ a) diminishing marginal returns b) diseconomies of scale c) constant returns to scale d) economies of scale
On the upward sloping portion of a firmʹs long run average cost curve they are experiencing: ______ a) diminishing marginal returns b) diseconomies of scale c) constant returns to scale d) economies of scale
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 15SQ
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On the upward sloping portion of a firmʹs long run average cost curve they are experiencing: ______
a) diminishing marginal returns
b) diseconomies of scale
c) constant returns to scale
d) economies of scale
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