The upward-sloping part of the long-run average total cost curve is a result of:
a. economies of scale
b. diseconomies of scale.
c. constant returns to scale.
d. diminishing marginal returns.
b
Economics
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A _____________ person would rather have a definite lower income than take a risk which entails the same expected value
Fill in the blank(s) with the appropriate word(s).
Economics
Which of the following will cause the demand curve for cable TV services to shift to the left?
A) a rise in the price of cable TV services B) a decrease in average incomes of cable TV subscribers C) an increase in population D) the creation of several hit TV series
Economics