Carefully explain the difference between diseconomies of scale and diminishing returns.
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Q37: The major advantage of using cross-sectional analysis
Q38: Which of the following cost functions will
Q39: In the long run
A)fixed costs tend to
Q40: The learning curve
A)is really no different from
Q41: How would each of the following affect
Q43: Economies of scale are indicated by
A)declining long-run
Q44: Short-run cost functions are estimated using
A)time-series regression
Q45: Carefully explain if the following statements are
Q46: In estimating short-run cost functions,one must adjust
Q47: Which of the following is a reason
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