When a firm is on the portion of its long run ATC curve that slopes upward, it is experiencing:
A. diseconomies of scale.
B. economies of scale.
C. constant returns to scale.
D. Any of these is possible.
Answer: A
Economics
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When the GDP is measured using "adjustments for price changes" it is known as the
A) real GNP. B) nominal GDP. C) real GDP. D) nominal GNP.
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Which of the following would shift the FE line to the right?
A) An adverse supply shock B) An increase in labor supply C) A decrease in the capital stock D) An increase in the future marginal productivity of capital
Economics