10. The Costs of Production
Average Total Cost: Short Run and Long Run
Multiple Choice
Multiple ChoiceIf a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit ______________ and ________________ average total cost.
A
Economies of Scale; Falling
B
Economies of Scale; Rising
C
Diseconomies of Scale; Falling
D
Diseconomies of Scale; Rising
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