Why should I choose AnalystNotes?
AnalystNotes specializes in helping candidates pass. Period.
Basic Question 5 of 7
A firm exhibits economies of scale ______.
B. along the increasing portion of the long-run average cost curve (LRAC)
C. exactly where LRAC reaches its minimum point
D. anywhere along the LRAC, as long as increasing the scale of operations does not affect cost per unit
A. along the decreasing portion of the long-run average cost curve (LRAC)
B. along the increasing portion of the long-run average cost curve (LRAC)
C. exactly where LRAC reaches its minimum point
D. anywhere along the LRAC, as long as increasing the scale of operations does not affect cost per unit
User Contributed Comments 0
You need to log in first to add your comment.
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2024 Level I Curriculum, Volume 1, Module 1.