Solved

Economies of Scale Occur When

Question 251

Multiple Choice
Economies of scale occur when

Economies of scale occur when


A) a firm's long-run average total costs fall as it increases the quantity of output it produces.
B) the marginal product of labor is greater than the average product of labor.
C) short-run marginal cost falls.
D) the demand for a firm's output increases.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q246: Two stores-Lazy Guys and Ralph's Recliners-are located

Q247: Table 11-8
Table 11-8 </p></div><svg width=

Q248: A curve showing the lowest cost at

Q249: The River Rouge plant was built by

Q250: Minimum efficient scale is defined as the

Q252: Assume that you observe the long-run average

Q253: Figure 11-11
Figure 11-11 </p></div><svg width=

Q254: If an airport decides to expand by

Q255: Which of the following statements explains the

Q256: Which of the following is not a

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents