Microeconomics

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If average total cost is rising A) marginal cost is above average total cost. B) marginal cost is ... Started by BrownTown3	1 Replies 535 Views	Jun 30, 2018 by mcabuhat
If marginal cost is rising A) marginal product in rising. B) marginal product is falling. C) ... Started by mckennatimberlake	1 Replies 143 Views	Jun 30, 2018 by Melissahxx
Which of the following pair of terms is similar? A) Overhead and direct cost. B) Direct cost and ... Started by armygirl	1 Replies 156 Views	Jun 30, 2018 by HandsomeMarc
If marginal costs are rising A) total fixed costs are falling B) average fixed costs are constant. ... Started by burchfield96	1 Replies 387 Views	Jun 30, 2018 by nicoleclaire22
Average fixed costs A) are always rising with increases in production B) are dependent on marginal ... Started by eruditmonkey@yahoo.com	1 Replies 141 Views	Jun 30, 2018 by Juro
Average variable costs A) are parallel with average total costs B) rise if marginal costs rise. ... Started by panfilo	1 Replies 139 Views	Jun 30, 2018 by jazzlynnnnn
Marginal cost A) cuts average variable cost and average fixed cost at their lowest point. B) cuts ... Started by Bob-Dole	3 Replies 124 Views	Jun 30, 2018 by SVictor
The shape of the costs curves may be traced back to A) the law of diminishing marginal utility. B) ... Started by kshipps	1 Replies 68 Views	Jun 30, 2018 by memslove
The long run is often referred to as the A) planning horizon. B) market horizon C) period of ... Started by MirandaLo	1 Replies 132 Views	Jun 30, 2018 by DHRUVSHAH
According to the book, Akio Morita (the founder of Sony) drew a long-run average cost curve that was ... Started by sjones	1 Replies 75 Views	Jun 30, 2018 by CourtneyCNorton
In a sense, the long-run average cost curve is holding A) short-run average variable cost curves. ... Started by Frost2351	1 Replies 99 Views	Jun 30, 2018 by guyanai
When the capital (a fixed input) changes A) short-run marginal costs rise. B) short-run average ... Started by chandani	1 Replies 70 Views	Jun 30, 2018 by fur
In the long run, a firm can choose A) to operate at any point on only one short-run average total ... Started by yoooooman	1 Replies 70 Views	Jun 30, 2018 by blazinlyss
If unit costs decrease as the quantity of production increases and all inputs are variable, then a ... Started by kwoodring	1 Replies 76 Views	Jun 30, 2018 by kescobar@64
If unit costs increase as the quantity of production increases and all inputs are variable, then a ... Started by Bernana	3 Replies 106 Views	Jun 30, 2018 by kaykay69
If unit costs remain constant as the quantity of production increases and all inputs are variable, ... Started by tingc95	1 Replies 89 Views	Jun 30, 2018 by cloud
If a firm is experiencing economies of scale, then the long-run average cost curve is A) falling. ... Started by @Brianna17	1 Replies 112 Views	Jun 30, 2018 by elyse44
If a firm is experiencing diseconomies of scale, then the long-run average cost curve is A) falling. ... Started by Jkov05	1 Replies 195 Views	Jun 30, 2018 by mammy1697
If a firm is experiencing constant returns to scale, then the long-run average cost curve is A) ... Started by bobbie	1 Replies 88 Views	Jun 30, 2018 by mirabriestensky
A U-shaped long-run average cost curve indicates that A) economies of scale follow diseconomies of ... Started by bb	1 Replies 114 Views	Jun 30, 2018 by hollysheppard095
Economies of scale can result from A) larger machines. B) specialization. C) large purchases. ... Started by colton	1 Replies 67 Views	Jun 30, 2018 by milbourne11
How large a firm becomes is determined by A) the demand for its product. B) the availability of ... Started by tfester	1 Replies 64 Views	Jun 30, 2018 by kthug
In the case where a firm gains an advantage from producing more than one product, it is experiencing ... Started by s.tung	3 Replies 84 Views	Jun 30, 2018 by iceage
Economies of scope often occur because A) a production facility can be used to produce more than one ... Started by jwb375	1 Replies 75 Views	Jun 30, 2018 by emilymalinowski12
Economies of scale are often confused with A) market demand curves. B) long-run average fixed cost ... Started by stevenposner	1 Replies 82 Views	Jun 30, 2018 by memslove