Multiple Choice
Increasing returns occur when
A) marginal cost is increasing.
B) marginal cost is decreasing.
C) average total cost is falling.
D) average variable cost is falling.
E) marginal product is decreasing.
Correct Answer:

Verified
Correct Answer:
Verified
Q93: If total revenue is greater than variable
Q94: Exhibit 8-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 8-4
Q95: Increasing marginal product of labor results in<br>A)increasing
Q96: A capital expansion causes average total costs
Q97: Exhibit 8-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 8-9
Q99: A production function is the relationship between<br>A)total
Q100: The long run is a period<br>A)that affects
Q101: Draw typical average total cost, average variable
Q102: Exhibit 8-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 8-5
Q103: Long-run average cost and short-run average cost