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Author Question: When a firm is experiencing economies of scale A) the MP curve slopes upward. B) the LRAC curve ... (Read 67 times)

APUS57

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on: Jun 29, 2018
When a firm is experiencing economies of scale
 
  A) the MP curve slopes upward.
  B) the LRAC curve slopes downward.
  C) diminishing returns to labor have been suspended.
  D) the MC curve slopes downward.

Question 2

The table above shows the marginal costs and marginal benefits of college education. The marginal private cost of college education at the efficient quantity of enrollment is
 
  A) 8,000 per year.
  B) 12,000 per year.
  C) 14,000 per year.
  D) 16,000 per year.


otokexnaru

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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