Economies of scale are indicated by:
A. the rising segment of the average variable cost curve.
B. the difference between total revenue and total cost.
C. the declining segment of the long-run average total cost curve.
D. a rising marginal cost curve.
Answer: C
Economics
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According to Keynes' theory of money demand, a low interest rate increases the likelihood of a capital ________ and ______ the interest elasticity of money demand
a. gain on bonds; reduces. b. gain on money; increases. c. loss on bonds; reduces. d. loss on money; increases. e. none of the above.
Economics
If price is between the break-even point and the shutdown point, in the short run the firm will
A. operate. B. shut down. C. stay in business. D. go out of business.
Economics