A firm encountering economies of scale over some ange of output will have a: rising long-run average cost curve. falling long-run average cost curve. • constant long-run average cost curve. rising, then alling, then rising long-run average cost curve.

Micro Economics For Today
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ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 23SQ
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A firm encountering economies of scale over some
range of output will have a: • rising long-run average
cost curve. • falling long-run average cost curve. •
constant long-run average cost curve. • rising, then
falling, then rising long-run average cost curve.
Transcribed Image Text:A firm encountering economies of scale over some range of output will have a: • rising long-run average cost curve. • falling long-run average cost curve. • constant long-run average cost curve. • rising, then falling, then rising long-run average cost curve.
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