Diseconomies of scale definitely means that as the firm increases its output, its
A) long-run average total cost increases.
B) long-run average total cost decreases.
C) short-run average total cost increases.
D) short-run average total cost decreases.
A
You might also like to view...
The union wage differential
A) varies substantially across employment sectors. B) increases during expansions. C) has remained fairly constant over the past 30 years. D) is greater for private sector employees than for government sector workers.
The integration of expectations into macroeconomic analysis indicates that
a. fiscal policy is more potent than monetary policy. b. monetary policy is more potent than fiscal policy. c. once people come to expect a given rate of inflation, the inflation will neither stimulate real output nor reduce unemployment. d. higher rates of inflation will lead to lower rates of unemployment in the long run but not in the short run.
It is possible that two different economists can examine the same situation, such as school funding, and reach entirely different conclusions. Why is this so?
What will be an ideal response?
To have shadow prices you have to have:
A. opportunity costs. B. free markets. C. laws. D. money prices.