Risk is _________ a part of cost-benefit analysis.

Using the standard 45-degree line diagram, how does an increase in investment spending effect the expenditure schedule?

a. It shifts the expenditure schedule downward. b. It shifts the expenditure schedule upward. c. It increases the slope of the expenditure schedule. d. It decreases the slope of the expenditure schedule.

Diseconomies of scale occur when a firm's

a. marginal costs are constant as output increases. b. long-run average total costs are decreasing as output increases. c. long-run average total costs are increasing as output increases. d. marginal costs are equal to average total costs for all levels of output.