Multiple Choice
An increase in output would result in no change in long-run average costs when there are
A) economies of scale.
B) diseconomies to scale.
C) constant returns to scale.
D) diminishing marginal product.
Correct Answer:

Verified
Correct Answer:
Verified
Q313: Explain how you can calculate average physical
Q314: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q315: Suppose there are fixed costs and marginal
Q316: What factors generate economies of scale?
Q317: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q319: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q320: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q321: If the price of labor is constant
Q322: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q323: Economies of scale exist where the long-run