Answered: true or false If long-run marginal…

true or false If long-run marginal cost is greater than long-run average cost, then the firm is experiencing decreasing returns to scale

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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If long-run marginal cost is greater than long-run average cost, then the firm is experiencing decreasing returns to scale

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