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Question 14 (2.5 points) Cost Idollars per unit LRAC 5 O 5 10 15 20 25 30 Quantity (units per hour) In the above figure, the
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Answer #1

Answer : The answer is option B.

When long-run average cost increase then the firm face a situation of decreasing return to scale. The decreasing returns to scale is also known as dis-economies of scale. Here between 20 and 25 units the long-run average cost is increasing. This means that between 20 and 25 units the firm faces the situation of dis-economies of scale. Therefore, option B is correct.

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