Solved

In the Long Run, Firms Reduce Capital Input Under Which

Question 37

Multiple Choice

In the long run, firms reduce capital input under which of the following conditions?


A) Economies of scale
B) Diseconomies of scale
C) Constant returns to scale
D) When average total cost increases with output
E) When price equals marginal cost

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions