An increase in long-run average costs resulting from decreases in output is
A) attributed to the law of diminishing marginal product.
B) attributed to constant returns to scale.
C) attributed to economies of scale.
D) attributed to diseconomies to scale.
Correct Answer:
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Q339: Suppose a firm doubles its output in
Q340: Economies of scale occur when there are
A)
Q341: An increase in long-run average costs resulting
Q342: Diseconomies of scale occur
A) only in the
Q343: The law of diminishing marginal product
A) holds
Q345: If a firm is experiencing diseconomies of
Q346: A decrease in long-run average costs resulting
Q347: An increase in output would result in
Q348: A horizontal long-run average cost curve indicates
A)
Q349: Graphically, diseconomies to scale are illustrated by
A)
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