The productivity of any input is independent and is not affected by the other resources that are used.
Correct Answer:
Verified
Q120: Refer to Figure 21.5.Economies of scale occur
Q121: Total output may continue to rise even
Q122: The long-run ATC curve is simply a
Q123: The marginal cost curve intersects the minimum
Q124: The difference between the accountant's and the
Q126: There are still some fixed costs in
Q127: In the long run,a company should choose
Q128: When the marginal cost curve is below
Q129: Short-run choices imply that at least one
Q130: Total cost refers to the market value
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents