When a firm is experiencing economies of scale,
A. the MPcurve slopes upward.
B. the LRACcurve slopes downward.
C. diminishing returns to labor have been suspended.
D. the MCcurve slopes downward.
Answer:B
When a firm is experiencing economies of scale,
A. the MPcurve slopes upward. B. the LRACcurve slopes downward. C. diminishing returns to labor have been suspended. D. the MCcurve slopes downward.