i & Quastity of Autamobdes jpey day This figure depicts the average total cost functions for a firm that produces automobiles. 26. Refer to the above figure. At what output levels does this firm experience diseconomies of scale? a. output levels below M b. output levels between M and N C. output levels at N d. output levels above N Cost ($] K Quantity of Output 28. Refer to the above figure. Which of the curves is most likely to represent the marginal cost? a. A b. B C. C d. Dquantity of output ( of Total product per hour Quantity of Input (# of workers) 31. The figure depicts a production function for a firm that produces cookies. Refer to the above figure. With regard to cookie production, what does the figure imply? a. diminishing marginal product of workers b. diminishing marginal cost of cookie production C. decreasing marginal cost of cookie production d. increasing marginal product of workers