Diminishing marginal returns means that the firm definitely is experiencing
A) diseconomies of scale.
B) constant returns to scale.
C) Both answers A and B are correct.
D) Neither answer A nor B is correct.
D
Economics
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Local governments wanting to keep their tax base from eroding away should choose _____
a. income taxes b. sales taxes c. property taxes d. excise taxes
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Which of the following is generally true of a monopolistic competitor operating in the long run?
a. price greater than minimum average total cost b. price equal to marginal revenue c. price equal to marginal cost d. positive economic profits
Economics