Diseconomies of scale occur when a firm's
a. marginal costs are constant as output increases.
b. long-run average total costs are decreasing as output increases.
c. long-run average total costs are increasing as output increases.
d. marginal costs are equal to average total costs for all levels of output.
c
You might also like to view...
In the fooling model, should an expansion of aggregate demand cause fooling, the actual real wage ________ while the expected real wage ________
A) rises, rises B) rises, remains constant C) falls, falls D) falls, remains constant E) falls, rises
The following combinations of goods X and Y represent various market baskets. Consumption is measured in pounds per month
Market Basket Units of X Units of Y A 4 6 B 16 7 C 15 3 D 3 2 Explain which market basket(s) is(are) preferred to other(s), and if there is any uncertainty over which is preferable, point this out as well.
Which measure of money would we most likely use if we were interested in looking at saving in the economy?
A. Hard money B. M2 C. M1 D. Reserves
Figure 33-2
?
Given the situation in graph (1) in Figure 33-2, what action could be expected from the economy’s self-correcting mechanism?
A. An increase in aggregate demand B. A decrease in aggregate demand C. An increase in aggregate supply D. A decrease in aggregate supply