Which of the following explains why long-run average total cost at first decreases as output increases?
A) Diseconomies of scale
B) Less-efficient use of inputs
C) Fixed costs becoming spread out over more units of output
D) Gains from specialization of inputs
Correct Answer:
Verified
Q238: Figure 13-3 Q239: The minimum points of the average variable Q240: Figure 13-3 Q241: Q242: In the long run, Q244: Economies of scale occur when Q245: If long-run average total cost decreases as Q246: When a firm experiences constant returns to Q247: When a firm experiences economies of scale, Q248: Figure 13-6 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
