Take Test Chapter 13G × host course assessmentid:-1082014 18course-id--1405086-1

Question

Take Test Chapter 13G × host course assessmentid:-1082014 18course-id--1405086-1&contentid;= 3314026 M | Question Completion Status: 0 downward sloping O upward sloping. "U' shaped. QUESTION 10 If an industry exhibits economies of scale, one larger firm may be able to produce goods at a lower long-run average cost than two smaller firms O True O False QUESTION 11 5 points able costs of S1 and average fixed costs of $2 when it produces 50 units of ootput (tacoo). The truck's total cost of output is O a. $100 Ob $150 O d $50

Explanation / Answer

Q10

Answer

true

because the Long-run average total cost decreases as the quantity increases if the firms capacity is low then the output is lower and the LRATC is higher.

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