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Principles of Microeconomics

The following sample questions do not appear on an actual CLEP examination. They are intended to give potential test-takers an indication of the format and difficulty level of the examination and provide content for practice and review. For more sample questions and information about the test, see the CLEP Official Study Guide.

Question 4 of 8

Long-run Average Total Cost

The long-run average total cost curve above shows

  • A.

    decreasing returns to scale from point A to point B

  • B.

    increasing returns to scale from point B to point C

  • C.

    increasing returns to scale from point C to point D

  • D.

    constant returns to scale from point B to point C

  • E.

    constant returns to scale from point C to point D

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