If long-run average costs are falling, then the firm is experiencing diseconomies of scale

When will the scale effect of a wage increase cause a fall in the amount of labor employed?

a. Always. b. When labor is not a regressive factor. c. When labor and capital are substitutes in production. d. When labor and capital are complements in production.

Land and mineral resources, transportation and communication facilities, factories and farm buildings, equipment, tools, and machinery are all examples of _____________.

a. the economizing problem b. insatiable wantss c. scarce economic resources d. unlimited economic resources e. economic growth