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
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Title: In the above figure, for any output level less than Q2, this firm experiences
Post by: asdoooeoe on Mar 4, 2019
Brilliant