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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: The short-run average total cost, average variable cost, and marginal cost curves are all U-shaped b
Post by: Loraine on Jun 21, 2015
The short-run average total cost, average variable cost, and marginal cost curves are all U-shaped because of
i.   constant total fixed cost.
ii.   increasing and then decreasing marginal returns as more labor is hired.
iii.   economies and diseconomies of scale as the plant size increases.
A) only i
B) only ii
C) i and iii
D) ii and iii
E) i, ii, and iii


Title: Re: The short-run average total cost, average variable cost, and marginal cost curves are all U-shap
Post by: Chimelo46 on Jul 29, 2015
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Title: Re: The short-run average total cost, average variable cost, and marginal cost curves are all U-shaped b
Post by: Chimelo46 on Aug 31, 2015
It was nothing, thanks for updating us.