You would expect that your firm is experiencing a constant ...

[lracut11]

You would expect that your firm is experiencing a constant returns to scale if
 a. Long run average costs increase with output
 b. Long run average costs decrease with output
 c. Long run average costs are constant with respect to output
  d. None of the above

Question 2

Jim is haggling with a car dealer, along with another customer, over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. His bargaining position would improve if
 a. The other customer leaves
 b. He receives an offer from a competing car dealer
 c. He can make it clear that he will leave if his offer isn't accepted
  d. All of the above

[raili21]

Answer to Question 1

c

Answer to Question 2

d