If a firm experiencing "economies of scale" decreases its output, its long-run average cost will decrease

a. True
b. False

B

Economics

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Suppose that in 2015 a country has a population of 1 million and real GDP of $1 billion. In 2016, the population is 1.1 million and the real GDP is $1.1 billion. The real GDP per person growth rate is

A) $1000. B) positive. C) negative. D) zero.

Economics

Which of the following nations spends more per person on healthcare?

A) Switzerland B) United Kingdom C) Germany D) None of the above nations spend more on healthcare.

Economics