Learning by doing:
A) results in higher costs in the long run than in the short run.
B) is a result of technological progress.
C) increases productivity of the inputs.
D) results from the increased use of inputs in production.
Correct Answer:
Verified
Q79: Which of the following assumptions is made
Q80: Which of the following is guaranteed by
Q81: Suppose a firm has two plants producing
Q82: Which of the following is true?
A)Diseconomies of
Q83: Suppose a bakery is currently producing 1,500
Q85: Economies of scale:
A)is the same thing as
Q86: Assume that with 20L and 30K a
Q87: Assume that the long run average cost
Q88: Which of the following is true of
Q89: Decreasing returns to scale imply:
A)decreasing long run
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