Multiple Choice
When long-run average total cost increases as output increases,a firm experiences
A) diseconomies of scale
B) economies of scale
C) constant returns to scale
D) decreasing marginal cost
E) greater total cost in the long run than in the short run
Correct Answer:
Verified
Correct Answer:
Verified
Q115: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -For the total
Q116: A firm's implicit costs are<br>A)its maintenance costs<br>B)its
Q117: A sunk cost is one that<br>A)changes as
Q118: If all firms in a market have
Q119: If minimum average cost is the same
Q121: Variable inputs are those whose<br>A)quantity changes as
Q122: If a firm is experiencing diminishing marginal
Q123: Assume that an industry requires a very
Q124: In the long run,<br>A)at least one of
Q125: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 7-7 shows