As output increases, diseconomies of scale
a. lead to rising long-run average costs
b. lead to declining long-run average costs
c. lead to rising short-run average total costs
d. lead to declining short-run total cost
e. means the law of diminishing marginal returns is affecting production
A
Economics
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International exchange in which countries both import and export the same good is called:
A) one-way trade. B) strategic trade. C) two-way trade. D) multilateral trade.
Economics
If the production of a good creates an external cost, is the supply curve the same as the marginal social cost or the same as the marginal private cost curve or both?
What will be an ideal response?
Economics