Multiple Choice
When a firm's long-run average total cost falls as its output increases, the firm is experiencing
A) constant returns to scale.
B) decreasing marginal returns.
C) economies of scale.
D) decreasing cost of marginal returns.
E) diseconomies of scale.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Interest is considered a(n)<br>A) form of depreciation
Q21: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -Anna owns a
Q22: To produce 10 shirts, the total cost
Q23: The long run is defined as<br>A) the
Q24: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -Anna owns a
Q26: To produce 10 shirts, the total cost
Q27: The primary goal of a business firm
Q28: The long-run average cost curve is U-shaped
Q29: John fishes for a living. Last year,
Q30: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The table above