If a firm decreases its plant size and finds that its long-run average costs have decreased, then
A) the firm should reduce its plant size even more. B) its labor is more productive in a smaller plant.
C) its diseconomies of scale are less. D) the firm is now profitable.
C
Economics
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Which of the following is not a key economic question?
(A) How should it be ensured that goods and services are paid for? (B) Who consumes these goods and services? (C) How should these goods and services be produced? (D) What goods and services should be produced?
Economics
Refer to Figure 7-2. Marginal private benefit is represented by which curve?
A) D2 B) Supply C) D1 D) All of the above represent marginal private benefit.
Economics