18)

The total cost of production for a firm is shown in the table below. Output 0 1 2 3 4 5 Total Cost 500 550 625 725 850 1,000 The firm experiences diseconomies of scale due to increasing marginal costs. The firm experiences constant returns to scale due to constant fixed costs. The firm experiences economies of scale due to decreasing trend of average total costs O None of the evaluations are correct