If Boeing produces 9 jets per month, its long-runtotal cost is $9 million per month. If it produces10 jets per month, its long-run total cost is$11 million per month. Boeing exhibitsa. rising marginal cost.b. falling marginal cost.c. economies of scale.d. diseconomies of scale

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A: Diminishing returns to production starts where marginal cost increases with an increase in output,…

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A:

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A:

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A: Answer to the question is as follows :

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A: Fixed cost is the cost that is same for all levels of production and marginal cost is the cost that…

Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.