An increase in output would result in a rise in long-run average costs when there are

A) economies of scale.
B) diseconomies to scale.
C) constant returns to scale.
D) the law of diminishing marginal product.


Answer: B

Economics

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If a curve rises and then falls, it shows a

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Which of the following would lead to an (eventual) increase in the labor force by shifting the labor demand curve?

a. A trend toward earlier retirement ages b. An increase in the working-age population c. A reduction in the number of guaranteed student loans d. An increase in college work-study programs e. A decrease in personal income tax rates

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You lose your job and, as a result, you buy fewer iTunes music downloads. This shows that you consider iTunes music downloads to be a(n)

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