Q 15 The positively sloped part of the long-run
cost curve of a firm is due to
Ops: A
Marginal Utility Theory
B.
Diseconomies of Scale
C.
Economies of Scale
D.
Diminishing Returns to Scale
Answers
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Explanation:
In the long run economies turn into diseconomies of scale. Hence the long run average cost curve starts sloping positively. It rises. Thus, the positive sloped (i.e., rising) part of the long run average total cost curve is due to diseconomies of scale.
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