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Satsume Satsume
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6 years ago
At the current level of output, long-run marginal cost is $50 and long-run average cost is $75.  This implies that:
A) there are neither economies nor diseconomies of scale.
B) there are economies of scale.
C) there are diseconomies of scale.
D) the cost-output elasticity is greater than one.
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Microeconomics

Microeconomics


Edition: 8th
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Bart_argBart_arg
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6 years ago
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Satsume Author
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6 years ago
Thanks for your help!!
Goku935
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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