Microeconomics

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A firm scaled down its operation by reducing all inputs by 50% and experienced a more-than-50% ... Started by Engineer	3 Replies 26 Views	Jul 20, 2019 by ashely1112
A firm scaled up its operation by increasing all inputs by 100%. If the firm experienced 150% ... Started by Jramos095	1 Replies 27 Views	Jul 20, 2019 by carojassy25
Suppose that Gigantic Company is increasing in size. As Gigantic Company grows, they are able to buy ... Started by ahriuashd	3 Replies 56 Views	Jul 20, 2019 by sylvia
Under which conditions might economies of scale result? Started by vinney12	1 Replies 32 Views	Jul 20, 2019 by zogaridan
Increased specialization in large firms might lead to: Started by eruditmonkey@yahoo.com	3 Replies 26 Views	Jul 20, 2019 by k.lashomb
An input is indivisible if: Started by Chloeellawright	1 Replies 18 Views	Jul 20, 2019 by kristenb95
Most empirical studies show that firms' long-run average cost curves: Started by dollx	3 Replies 19 Views	Jul 20, 2019 by cat123
Suppose that in 2012 ABC Corp. produced 500 million units of a good at an average cost of $2, and in ... Started by mp14	1 Replies 41 Views	Jul 20, 2019 by jlaineee
Suppose McDonald's puts up five new stores in San Francisco using exactly the same floor plan, ... Started by Bernana	3 Replies 37 Views	Jul 20, 2019 by lgoldst9
Suppose a firm experiences lower average costs whenever output increases in the long run. Then we ... Started by acc299	1 Replies 24 Views	Jul 20, 2019 by karlss
The long-run marginal cost (LMC) is the increase in the cost incurred by the firm when producing one ... Started by yoooooman	3 Replies 20 Views	Jul 20, 2019 by amcvicar
When the firm increases output and the costs rise proportionately, then the long-run average cost ... Started by rachel9	1 Replies 52 Views	Jul 20, 2019 by jonathanballen97
In the long run, diminishing returns would: Started by wenmo	3 Replies 14 Views	Jul 20, 2019 by verrinzo
The long-run average cost of production is defined as: Started by anshika	1 Replies 11 Views	Jul 20, 2019 by Sweetkitty24130
If the marginal cost is increasing over a given output range, the average total cost must increase. Started by EY67	3 Replies 32 Views	Jul 20, 2019 by quynhmickitran
Diminishing marginal returns imply that marginal cost is rising. Started by rmenurse	1 Replies 187 Views	Jul 20, 2019 by uniquea123
Diminishing marginal returns imply that marginal cost is falling. Started by pepyto	3 Replies 228 Views	Jul 20, 2019 by blfontai
If average cost is above marginal cost, average cost must be falling. Started by rachel9	1 Replies 55 Views	Jul 20, 2019 by deja
If marginal cost is above average cost, average cost must be rising. Started by Mr. Wonderful	3 Replies 35 Views	Jul 20, 2019 by jaaaaaaa
Fixed costs do not vary as output changes. Started by leo leo	1 Replies 13 Views	Jul 20, 2019 by Toya9913
Diminishing marginal returns always sets in with the hiring of the first worker. Started by Beheh	3 Replies 24 Views	Jul 20, 2019 by moormoney
Other things being equal, if the average fixed cost curve shifts upward at all output levels: Started by jho37	1 Replies 19 Views	Jul 20, 2019 by kiamars2010
Other things being equal, if a firm's marginal cost curve shifts upward at all output levels: Started by Frost2351	3 Replies 29 Views	Jul 20, 2019 by taylorsonier
Total cost of production is the sum of total variable cost and total fixed cost. If the total fixed ... Started by jessicacav	1 Replies 108 Views	Jul 20, 2019 by spencer.martell
You observe that at your current production of lunch boxes, the average total cost of producing ... Started by sjones	3 Replies 34 Views	Jul 20, 2019 by enass