When internal economies of scale occur?
Total costs fall
Marginal costs increase
Average costs fall
Revenue falls
Average fixed cost is
Never becomes zero
Curve never touches x - axis
Curve never touches y - axis
All the above
Price equals
Total revenue - Quantity
Total revenue/Quantity sold
Total quantity sold × Quantity sold
Total revenue/Total cost
_________ cannot be changed in the short period .
Fixed Cost
Production Cost
Total Cost
Variable Cost
