Figure 136 Avon-p total cod (8} AICD M N QM\"! o! Monolith. In! div 24. Refer to Figure 13-6. At levels of output below M, what does the rm experience? a. economies of scale b. diseconomies of scale c. economic prot d. accounting prot 25. What is the relationship between accounting prot and economic prot? a. Accounting prot = Economic prot + Implicit costs b. Accounting prot = Economic prot Implicit costs c. Economic prot = Accounting prot + Explicit costs cl. Economic prot = Accounting prot Explicit costs 26. What is the fundamental reason that marginal cost eventually rises as output increases? a. economies of scale b. diseconomies of scale c. diminishing marginal product d. rising average xed cost Figure 13-7 91 Q: 03 Q: 95 Out-ill? 0| om 27. Refer to Figure 13-7. When does the rm experience diseconomies of scale? a. if it changes its level of output from Q1 to Q2 b. if it changes its level of output from Q2 to Q3 c. if it changes its level of output from Q3 to Q4 d. if it changes its level of output from Q4 to Q5 28. When do economies of scale occur? a. when long-run average total costs rise as output increases b. when long-run average total costs fall as output increases c. when average xed costs are falling d. when average xed costs are constant