The downward sloping part of the long-run average cost curve of a firm may be attributable to?
a
diminishing returns
b
the law of variable proportions
c
diseconomies of scale
d
increasing returns to scale
Explanation
Correct Option
dNo explanation available
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Hopeheart
6 years ago
Not true, I disagree.
My point!
A firm objective is to maximize is profit, and if a long run is sloping downward this mean the firm quantity supply/ price is falling not increasing.
