Multiple Choice
Suppose that when a firm increases output by 50%,long-run total cost increases by less than 50%.The firm will experience
A) diminishing marginal returns.
B) decreasing marginal rate of technical substitution.
C) economies of scale
D) diseconomies of scale
Correct Answer:
Verified
Correct Answer:
Verified
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Q9: In the graph below,the price of capital
Q10: If the marginal rate of technical substitution
Q11: Following is a firm's expansion path.The
Q12: In the following graph,the price of capital
Q14: Refer to the following graph.The price of
Q15: The marginal rate of technical substitution is<br>A)the
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