As the firm increases its output, which of the following situation is correct?
A firm experiences ________ when its ________ as output increases.

Question

As the firm increases its output, which of the following situation is correct? 
 A firm experiences ________ when its ________ as output increases.

Answer

constant returns to scale; long-run average cost curve shifts upward

Answer

economies of scale; long-run average cost curve slopes downward

Answer

diminishing marginal returns; average total cost curve shifts upward

Answer

diseconomies of scale; average total cost curve slopes downward

Answer

economies of scale; long-run average cost curve shifts upward

Crowdly