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violin13 violin13
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5 years ago
If a firm's long-run average total curve shows that it can produce 5,000 DVDs at an average cost of $2.00 and 15,000 DVDs at an average cost of $1.50, this is evidence of

• diminishing returns.

• economies of scale.

• diseconomies of scale.

• the law of supply.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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cuddahy99cuddahy99
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4 years ago
Thanks
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Perfect
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awesome thank you
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