Multiple Choice
Increases in long-run average cost that result from output increases is
A) the law of diminishing marginal product.
B) economies of scale.
C) constant returns to scale.
D) diseconomies of scale.
Correct Answer:

Verified
Correct Answer:
Verified
Q218: Suppose that one worker can produce 15
Q219: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q220: The change in total costs due to
Q221: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q222: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q224: The marginal cost curve always intersects the
Q225: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q226: Which of the following would NOT be
Q227: The law of diminishing marginal product is
Q228: The relationship between inputs and outputs is