Which section of the firms long-run average cost The table illustrates the long-

Question

Which section of the firms long-run average cost The table illustrates the long-run average cost values for the refrigerator industry. Use the table to answer the three curve demonstrate (select the appropriate letter from the dropdown modules below): corresponding questions. Economies of scale A 10,000 $1,200 to select answer B 20,000 $900 C 30,000 $700 D 40,000 5700 E 50,000 $800 F 60,000 51,000 Diseconomies of scale Constant returns to scale to select answer Select answer to Select answer Select answer

Explanation / Answer

Which section of the firm's long-run average curve demonstrate:

* Constant returns to scale:

Section C to D.

Economies of scale:

Section A to B.

Diseconomies of scale:

Section E to F.

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