6. If a firm's ATC is falling in the long run, then a. it is subject to economies of scale over that range of output it is subject to diseconomies of scale over that range of output b. С. it is subject to constant return to scale over that range of output d. it has reached the minimum efficient scale of production both it is subject to constant return to scale over that range of output and it has reached the minimum efficient scale of production are true е.

6. If a firm's ATC is falling in the long run, then a. it is subject to economies of scale over that range of output it is subject to diseconomies of scale over that range of output b. С. it is subject to constant return to scale over that range of output d. it has reached the minimum efficient scale of production both it is subject to constant return to scale over that range of output and it has reached the minimum efficient scale of production are true е.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 21PAE

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