The region of economies of scale is that in which:
a. short-run marginal cost is falling as output expands
b. short-run average total cost is falling as output expands.
c. long-run marginal cost is falling as output expands.
d. long-run average total cost is falling as output expands.
d
Economics
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Disinflation began in the year _____.
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Which of the following describes a problem created by scarcity?
A. The course you need to take in the fall is offered at times that conflict with your work schedule. B. Your cell phone battery is low and you screen a phone call from a friend in case your significant other calls later. C. The White House eliminates tours due to budget constraints. D. All of these.
Economics