Title: In the above figure, for any output level less than Q2, this firm experiences Post by: asdoooeoe on Mar 4, 2019 Question 1. Economies of scale occur when there are• no changes in long-run average costs when output increases. • decreases in long-run average costs resulting from increases in output. • decreases in output resulting from decreases in input. • increases in long-run average costs when output increases. Question 2. In the above figure, for any output level less than Q2, this firm experiences • constant economies of scale. • economies of scale. • decreasing long run average costs. • diseconomies of scale. Title: In the above figure, for any output level less than Q2, this firm experiences Post by: Isack on Mar 4, 2019 Content hidden
Title: In the above figure, for any output level less than Q2, this firm experiences Post by: asdoooeoe on Mar 4, 2019 Brilliant
|