Use the figure below to answer the following questions.

Figure 11.4.4
-Refer to Figure 11.4.4, which illustrates the long-run average total cost curve. Given an increase in output from Q₁ to Q₂,
A)economies of scale exist.
B)diseconomies of scale exist.
C)constant returns to scale exist.
D)average total cost is increasing.
E)average total cost is decreasing.

Question

Use the figure below to answer the following questions.
  
Figure 11.4.4
-Refer to Figure 11.4.4, which illustrates the long-run average total cost curve. Given an increase in output from Q₁ to Q₂,
A)economies of scale exist. 
B)diseconomies of scale exist. 
C)constant returns to scale exist. 
D)average total cost is increasing. 
E)average total cost is decreasing.

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following questions.
  
Figure 11.4.4
-Refer to Figure 11.4.4, which illustrates the long-run average total cost curve. Given an increase in output from Q₁ to Q₂,
A)economies of scale exist. 
B)diseconomies of scale exist. 
C)constant returns to scale exist. 
D)average total cost is increasing. 
E)average total cost is decreasing.

Use the Figure Below to Answer the Following Questions