The decreasing portion of a firm's long run average cost curve is ...

[futuristic]

The decreasing portion of a firm's long run average cost curve is attributable to:
 a. diminishing returns to scale.
  b. increasing marginal cost.
  c. economies of scale.
  d. diseconomies of scale.
  e. constant returns to scale.

Question 2

If the real GDP of a country in 2011 was 300 billion, its price index was 108.3, and its population was 150 billion, then real GDP per capita for that year was:
 a. 0.5 billion.
 b. 1 billion.
 c. 8.3 billion.
 d. 258.3 billion.
  e. 2 billion.

[SAUXC]

Answer to Question 1

c

Answer to Question 2

e

[futuristic]

Correct answers!

[SAUXC]

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