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Assume that an MNC has the following U-shaped long run average cost curve (AC), where Q stands for quality of output AC A ACT AC2

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Assume that an MNC has the following U-shaped long run average cost curve (AC), where Q stands for quality of output AC A ACT AC2 F E B Q If this MNC is destroying value by undertaking negative NPV project, it is moving in what section of the curve? Point C Point B A-B range B-C range None of these Assume that an MNC has the following U-shaped long run average cost curve (AC), where Q stands for quantity of outputs: ACI AC2 E mirem B In what part of the curve, this MNC is experiencing constant returns to scale (CRS)? Point B B-C range None of these A-B range Point C

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