Question 10 Over the range of output where a firm experiences increasing returns to scale, the slope of the long-run average total cost curve is: Eosc CAS Os GI a. zero, positive. c. infinite. d. negative.

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Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.