If a firm increases output and its average total cost rises, then the firm is experiencing economies of scale
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
The Phillips curve relates the inflation rate to
a. the unemployment rate. b. GDP. c. disposable personal income. d. the interest rate.
Economics
An increase in disposable income
A. decreases consumption because it shifts the consumption schedule downward. B. increases consumption because it shifts the consumption schedule upward. C. increases consumption by moving upward along a given consumption schedule. D. decreases consumption by moving downward along a given consumption schedule.
Economics