Which of the following changes shift the long-run AC curve?
A) Learning by doing
B) Economies of scale
C) Diminishing marginal productivity
D) Constant returns to scale
Correct Answer:
Verified
Q92: The possibility of learning by doing ensures:
A)equal
Q93: The minimum efficient scale is:
A)the level of
Q94: An important determinant of market structure is:
A)the
Q95: Learning by doing:
A)is synonymous with economies of
Q96: Long-run costs of production are generally lower
Q98: Some firms can attain lower production costs
Q99: The technological relationships reflected in the firms'
Q100: When average costs fall as output increases,it
Q101: For the cubic total cost function TC
Q102: Consider the cubic total cost function TC
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