Multiple Choice
If a firm decreases its plant size and finds that its long-run average costs have decreased, then
A) its labour is more productive in a smaller plant.
B) its diseconomies of scale are less.
C) the firm should reduce its plant size even more.
D) the firm is now profitable.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: In economics, technology only refers to the
Q87: Which of the following statements is false?<br>A)An
Q131: If diminishing marginal returns have already set
Q135: Figure 7.11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 7.11
Q137: Figure 7.11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 7.11
Q138: Table 7.6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 7.6
Q139: In the short run, marginal product of
Q140: Figure 7.13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 7.13
Q279: If average total cost is falling, marginal
Q310: Minimum efficient scale is defined as the