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Home Q & A Board Other Fields Homework Help Business Economics
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LilyGal LilyGal
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5 years ago

Question 1.

For economies of scale, a(n) ________ in a firm's scale of production leads to ________ average total cost.



▸ increase; lower

▸ increase; higher

▸ decrease; lower

▸ decrease; no change in

Question 2.

On the downward sloping portion of a firm's long-run average cost curve, it is experiencing



▸ economies of scale.

▸ constant returns to scale.

▸ diseconomies of scale.

▸ diminishing marginal returns.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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kwashington67kwashington67
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5 years ago
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LilyGal Author
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#2
5 years ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
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