This topic contains a solution. Click here to go to the answer

Author Question: If long run average costs are constant with respect to output, you have a. Increasing returns to ... (Read 57 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
If long run average costs are constant with respect to output, you have
 a. Increasing returns to scale
  b. Decreasing returns to scale
  c. Constant returns to scale
 d. None of the above

Question 2

The firm would have a better bargaining position if
 a. The firm can easily replace the workers with machinery
 b. The workers are a critical part of the production process
 c. The workers are highly specialized and would not find employment elsewhere easily
  d. Both A&C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

potomatos

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

c

Answer to Question 2

d




Yolanda

  • Member
  • Posts: 757
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

For a complete list of videos, visit our video library