Multiple Choice
Diseconomies of scale definitely mean that as the firm increases its output, its
A) long- run average total cost increases.
B) short- run average total cost increases.
C) long- run average total cost decreases.
D) short- run average total cost decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Q89: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above table
Q90: When the marginal product equals the average
Q91: Suppose Pippi buys an oven for her
Q92: As output increases, AVC approaches ATC because
Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -Using the data
Q95: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The table above
Q96: A firm's marginal cost is the change
Q97: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above table
Q98: Economic profit is the difference between total
Q99: When the marginal product of labour is