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Economics (AS & A Level) · Oct / Nov 2022 · Paper 33 · Question 11

9708Types of cost, revenue and profit, short-run and long-run production

The diagram shows the long-run average cost curves (LRAC) for a firm. Which combination of movements correctly describes each type of economy or diseconomy of scale?

  1. AW to Y | X to W | Z to W
  2. BW to Y | Y to W | Z to W
  3. CX to Y | W to Z | W to Y
  4. DX to Y | Y to X | W to Y

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Correct answer: C. X to Y | W to Z | W to Y

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