Author Question: When economies of scale exist: a. per unit production costs increase as output expands. b. per unit ... (Read 151 times)

haleyc112 · **on:** Jun 30, 2018

When economies of scale exist:
a. per unit production costs increase as output expands.
b. per unit production costs decline as output expands.
c. marginal cost must decrease as output expands.
d. per unit production costs remain constant as output expands.

Question 2

When a price rise of an asset can be justified by fundamental concepts and past experiences, then such a price rise does not constitute a classic bubble.
a. True
b. False
Indicate whether the statement is true or false