[Answer] The​ long-run average cost curve is​ U-shaped because of which of the​ following?A. constant fixed costs as output is increasedB. decreasing average fixed costs as output is increasedC. increasing marginal returns as more labor is hiredD. decreasing marginal returns as more labor is hiredE. economies and diseconomies of scale

Answer: economies and diseconomies of scale

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The​ long-run average cost curve is​ U-shaped because of which of the​ following?A. constant fixed costs as output is increasedB. decreasing average fixed costs as output is increasedC. increasing marginal returns as more labor is hiredD. decreasing marginal returns as more labor is hiredE. economies and diseconomies of scale The long-run average cost curve is U-shaped because of which of the following? A . constant fixed costs as output is increased B . decreasing average fixed costs as output is increased C . increasing marginal returns as more labor is hired D . decreasing marginal returns as more labor is hired E . economies and diseconomies of scale Marginal cost is rising for output greater than a certain quantity because of diminishing returns . The average - total- cost curve is U-shaped because the firm initially is able to spread out fixed costs over additional units but as quantity increases it costs more to increase quantity further ...

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