# 24. The long run average cost curve decreases due to a. A reduction in short run marginal cost b. A

###### Question:

24. The long run average cost curve decreases due to a. A reduction in short run marginal cost b. A reduction in short run average cost curves c. Economies of scale d. Both a and b e. Both b and c You are given the following cost data: Quantity TVC TFC REALITATE 1250 12 25 34 46 25. What can you say regarding the pattern of the cost? a. Average fixed cost falls as quantity increases b. Average variable cost always increases as quantity increases c. The marginal cost intersects total fixed cost at the lowest point d. Both (a) and (c) e. Both (a) and (b)

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