A horizontal long-run average cost curve indicates
A) constant returns to scale.
B) diseconomies of scale.
C) constant marginal physical product.
D) economies of scale.
Correct Answer:
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Q343: The law of diminishing marginal product
A) holds
Q344: An increase in long-run average costs resulting
Q345: If a firm is experiencing diseconomies of
Q346: A decrease in long-run average costs resulting
Q347: An increase in output would result in
Q349: Graphically, diseconomies to scale are illustrated by
A)
Q350: Which of the following is NOT a
Q351: Constant returns to scale are illustrated by
A)
Q352: When increasing its output results in falling
Q353: Which of the following is NOT a
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