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wrote...
Posts: 154
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2 months ago

Question 1.

Economies of scale exist where the long-run average cost curve is

• tangent to the marginal cost curve.

• downward sloping.

• horizontal.

• upward sloping.

Question 2.

The typical shape of the long-run average cost curve is like

• the letter "C."

• an inverse of the letter "V."

• the letter "U."

• a circle.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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Replies
wrote...
2 months ago

Answer 1

downward sloping.

Answer 2

the letter "U."
wrote...
2 months ago
Appreciate the effort, thank you!
wrote...
2 months ago
You're very welcome ... please mark the topic solved when you get a chance
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