QUESTION 9 1 points Saved Suppose that in 1999 ABC Corp produced $00 million uni

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QUESTION 9 1 points Saved Suppose that in 1999 ABC Corp produced $00 million units of a good at an average cosE (LAC) of S2 and in 2000 ABC Corp expanded is plant capacity and produced 600 million units at an average ood dAC) of 1.80 In this range, one can conclude that ABC Corp is experiencing: Economies of Constant returns to scale Diminishing returns 1 points QUESTION 10 A firm will begin to experience diminishing returss at the poit wher O marginal cost increases marginal onst decreases marginal product increases both b and c. t points QUESTION 11

Explanation / Answer

10) Economies of scale is taking place as average cost decreases from $2.00 to $1.80 as quantity demanded increases.

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