A firm experiences ________ when its ________ downward as output increases
A) diseconomies of scale; average total cost curve slopes
B) economies of scale; long-run average cost curve slopes
C) diminishing marginal returns; long-run average cost curve slopes
D) diminishing marginal returns; average total cost curve shifts
B
Economics
You might also like to view...
Which combination of fiscal policy actions would most stimulate an economy in a deep recession?
A. Increase in taxes and decrease in government spending B. Decrease in taxes and increase in government spending C. Increase in taxes and government spending D. Decrease in taxes and government spending
Economics
Measurement of economic values after adjustments have been made for changes in the average of prices between years in known as
A. a deflator. B. real values. C. nominal values. D. the price index.
Economics