Increased foreign direct investment in India has contributed to its recent economic growth

All opportunity costs are

a. Nonmonetary b. Forgone monetary payments c. Losses of time d. Values of alternatives that must be given up e. Related to educational opportunities

If long-run average total cost decreases as the quantity of output increases, the firm is experiencing

a. economies of scale. b. diseconomies of scale. c. coordination problems arising from the large size of the firm. d. fixed costs greatly exceeding variable costs.