In the long run, if 1,000 units are produced at a cost of $8,000 and 1,200 units at a cost of $9,200, then over this range of output there are

A) constant economies of scale.
B) constant returns to scale.
C) diseconomies of scale.
D) economies of scale.
E) constant diseconomies of scale.

D

Economics

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A bank receives a demand deposit of $3,000 . The bank loans out $1,800 of this deposit and increases its excess reserves by $300 . What is the required reserve ratio?

a. 10% b. 30% c. 40% d. 60%

Economics

If the public switches from using cash for most transactions to using checks instead, then all else equal, the money supply will:

A. not change. B. decrease. C. either increase or decrease. D. increase.

Economics