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The following graph shows short-run marginal cost curves, short-run average cost curves, and a long-run average...

Question

The following graph shows short-run marginal cost curves, short-run average cost curves, and a long-run average...

The following graph shows short-run marginal cost curves, short-run average cost curves, and a long-run average total cost cu
Which cost curves represent an efficient firm producing where there are diseconomies of scale? (Click to select) | Which cost
The following graph shows short-run marginal cost curves, short-run average cost curves, and a long-run average total cost curve for a firm. Cost Curves 11 10 - 9 LRATC SRATC SRMC SRATC SRMC Per unit costs SRATO SRMC . 10 10 Quantity
Which cost curves represent an efficient firm producing where there are diseconomies of scale? (Click to select) | Which cost curves represent an efficient firm producing where there are economies of scale? (Click to select) Which cost curves represent an efficient firm producing where there are constant returns to scale? (Click to select) MacBook Air

Answers

Diseconomies of scale: SRMC3
LRATC is rising

Economies of scale: SRMC1
LRATC is falling

Constant returns to scale: SRMC2
LRATC is constant

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