Multiple Choice
When long-run average cost increases as output increases there are
A) economies of scale.
B) diseconomies of scale.
C) constant returns to scale.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Ayanna grows herbs.
Q60: Points on a firm's total product curve
Q61: When there are diminishing marginal returns to
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Are the curves
Q64: Tony's Pizza's production function is shown in
Q65: The vertical distance between the average variable
Q66: The marginal cost curve intersects the average
Q67: The marginal product and average product curves<br>A)
Q68: Minneapolis business Rogue Chocolatier sells specialty chocolate