Returns that occur in the long run when an increase in the quantity of output decreases average total cost are called:
A) economies of scale.
B) diseconomies of scale.
C) constant returns to scale.
D) minimum average total cost.
Correct Answer:
Verified
Q124: Diseconomies of scale refers to returns that
Q125: If the marginal cost of hiring another
Q126: A firm currently employs four workers in
Q127: The short run:
A)means the firm is fixed
Q129: Returns to scale describes the long-run relationship
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
Q138: A long-run ATC curve shows:
A) the minimum
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