If long-run average total cost decreases as the quantity of output increases, the firm is experiencing
A) economies of scale.
B) diseconomies of scale.
C) coordination problems arising from the large size of the firm.
D) fixed costs greatly exceeding variable costs.
Correct Answer:
Verified
Q240: Figure 13-3 Q241: Q242: In the long run, Q243: Which of the following explains why long-run Q244: Economies of scale occur when Q246: When a firm experiences constant returns to Q247: When a firm experiences economies of scale, Q248: Figure 13-6 Q249: Q250: Table 13-11 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)inputs that were fixed
A)long-run average total
A)short-run
The following figure depicts average total
