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Home Q & A Board Other Fields Homework Help Business Economics
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sinerus sinerus
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6 years ago
A firm doubled all its inputs and experienced a 50% increase in output. If all input prices remain unchanged, the firm's long-run average cost exhibits
A) a constant long-run average cost at the current output level.
B) diseconomies of scale at the current output level.
C) diminishing marginal returns at the current output level.
D) economies of scale at the current output level.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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6 years ago
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