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Other Fields Homework Help Economics Topic started by: nursemegan on Apr 28, 2019



Title: The ________ at which a firm's long run average cost curve is at its minimum is called the minimum ...
Post by: nursemegan on Apr 28, 2019

Question 1.

Suppose Fergie's Florist experiences ________ up to a certain point and ________ beyond that point. Its long-run average cost curve is most likely to be U-shaped.



▸ diseconomies of scale; economies of scale

▸ constant returns to scale; economies of scale

▸ diseconomies of scale; constant returns to scale

▸ economies of scale; diseconomies of scale

Question 2.

The ________ at which a firm's long run average cost curve is at its minimum is called the minimum efficient scale.



▸ largest plant size

▸ largest industry size

▸ smallest plant size

▸ average plant size


Title: The ________ at which a firm's long run average cost curve is at its minimum is called the minimum ...
Post by: gumpfable on Apr 28, 2019
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Title: The ________ at which a firm's long run average cost curve is at its minimum is called the minimum ...
Post by: nursemegan on Apr 28, 2019
Thanks