🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
1
answer
0
watching
67
views

What shape of a long-run average cost curve illustrates economies of scale, constant returns to scale, and diseconomies of scale?

Watch
1
answer
0
watching
67
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Anne Gillian Duero
Anne Gillian DueroLv10
24 Oct 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Use the long-run average total cost (LRATC) curve below to answer the 3 multiple choice questions.

As the firm moves from point A toward point B, they are experiencing: 

a. constant returns to scale. 

b. diseconomies of scale. 

c. economies of scale. 

 

As the firm moves from point B toward point C, they are experiencing:

a. constant returns to scale. 

b. diseconomies of scale. 

c. economies of scale. 

 

As the firm moves from point C toward point D, they experiencing:

a. constant returns to scale. 

b. diseconomies of scale. 

c. economies of scale. 

The long-run average cost curve will be upward sloping when the firm is experiencing:

A. Diseconomies of scale.

B. Economies of scale.

C. Constant returns to scale.

D. Diminishing returns.

 

The decreasing portion of the firm's long-run average cost curve is attributable to

A. Increasing marginal cost

B. economies of scale

C. Diseconomies If the scale

D. Constant returns to scale 

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in