Returns to scale describes the long-run relationship between:
A) the quantity of output and average total cost.
B) the quantity of input and the average variable cost.
C) the quantity of output and the average variable cost.
D) the quantity of input and the average total cost.
Correct Answer:
Verified
Q124: Diseconomies of scale refers to returns that
Q126: A firm currently employs four workers in
Q127: The short run:
A)means the firm is fixed
Q128: Returns that occur in the long run
Q130: Economies of scale refers to returns that
Q131: The long run:
A)depends on the type of
Q132: Constant returns to scale refers to returns
Q133: A sandwich shop has six months left
Q134: Returns that occur in the long run
Q138: A long-run ATC curve shows:
A) the minimum
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