Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 

If long-run average total cost is rising, then the firm is experiencing economies of scale

a. True b. False Indicate whether the statement is true or false

Average total cost is equal to

A) average fixed cost minus average variable cost. B) total cost divided by the level of output. C) marginal cost plus variable cost. D) total cost divided by the number of workers.