Multiple Choice
Which of the following paired concepts are equivalent to each other?
A) constant costs; economies of scale
B) increasing returns; increasing costs
C) decreasing returns; decreasing costs
D) decreasing costs; economies of scale
E) increasing returns; diseconomies of scale
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Suppose that capital costs $10 per unit
Q11: Assume a firm is using 10 units
Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 8- 4
Q13: The figure below shows the isocost lines
Q14: Movement from one point to another along
Q16: A downward- sloping LRAC curve will shift
Q17: Suppose that capital costs $8 per unit
Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 8- 2
Q19: Which of the following paired concepts are
Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 8- 4