Business, 06.11.2019 00:31 alyssa2157
A firm's short-run average cost curve is u-shaped. which of these conclusions can be reached regarding the firm's returns to scale?
a. the firm experiences increasing, constant, and decreasing returns in that order.
b. the firm experiences first decreasing, then increasing returns to scale.
c. the firm experiences increasing returns to scale.
d. the short-run average cost curve reveals nothing regarding returns to scale.
Answers: 1
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A firm's short-run average cost curve is u-shaped. which of these conclusions can be reached regardi...
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