From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left. Marginal Cost (MC) A. Total output is declining with each additional worker Diminishing Marginal Returns sets in B. Economies of scale Average variable cost (AVC) is falling The introduction of the moving assembly line by Henry Ford dropped the assembly time for E. The average fixed cost (AFC) curve crosses the a single vehicle from 12 hours to about 90 average vanable cost (AVC) curve minutes enabling the company to produce F. Minimum efficient scale more cars/day. Mass production drove the G. MC is falling cost of each vehicle, making vehicle ownershipp a reality for more people. H. Average total cost (ATC) The long-run average cost curve is rising 1. At the point where a downward sloping marginal cost (MC) curve tums upward Long-run 1. A company experiencing diseconomies of scale Never U.shaped K. All costs are fixed or constant Normal profit L. The law of diminishing marginal returns doesnt Q hold because all inputs are variable Average variable cost (AVC) is falling B. Economies of scale The introduction of the moving assembly line by Henry Ford dropped the assembly time for E. The average fixed cost (AFC) curve crosses the a single vehicle from 12 hours to about 90 average variable cost (AVC) curve minutes enabling the company to produce F. Minimum efficient scale more cars/day. Mass production drove the cost of each vehicle, making vehicle G. MC is falling ownershipp a reality for more people. H. Average total cost (ATC) The long-run average cost curve is rising 1. At the point where a downward sloping marginal cost (MC) curve turns upward Long-run 1. A company experiencing diseconomies of scale Never U-shaped K. All costs are fixed or constant Normal profit L. The law of diminishing marginal returns doesn't ALO