What are economies of scale? What are diseconomies of scale?
What will be an ideal response?
Economies of scale occur when a firm's long-run average costs fall as it increases output. Diseconomies of scale occur when a firm's long-run average costs rise as the firm increases output.
Economics
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The above figure shows the demand curve for dollars in the yen/dollar exchange market. A movement from point A to point B means that the
A) quantity supplied of dollars has increased. B) quantity demanded of dollars has increased. C) quantity demanded of dollars has decreased. D) quantity demanded of yen has decreased.
Economics
An important prerequisite for the price system to work is an economy-wide respect for _______ rights
Fill in the blank(s) with correct word
Economics