Question
< Assignment Score 74.4% C Give Up? Feedback Resume Question 4 of 15 > Attempt 2...
< Assignment Score 74.4% C Give Up? Feedback Resume Question 4 of 15 > Attempt 2 The graph depicts the long-run average total cost curve (LRATC) for a firm and some possible short-run average total cost curves (SRATC). Average total cost Given the LRATC curve, which SRATC curve could NO be part of the firm's cost structure? SRATC 1 SRATC O none of these O all of these OSRATC2 OSRATC 3 OSRATC1 Which of the three types of scale does the LRATC curve exhibit between points B and C? constant returns to scale O economies of scale diseconomies of scale PrtScn. Home End PgUp, PgOne in D Backs 7 8 9 0 -
Answers
1
SRATC 2 curve is below the LRATC curve, so it cannot be part of firm cost curve
Third option is correct answer ie. SRATC 2
2.
Between point B & C, firm experiences constant returns to scale
First option is correct answer ie. constant returns to scale
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