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Author Question: Suppose a firm is experiencing increasing returns to scale. This is shown graphically by (Read 58 times)

krabuske

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on: Oct 12, 2022

Question 1

When there is no other way of producing a given level of output with a smaller total value of inputs, the firm is operating at
◦ maximum cost.
◦ minimum cost.
◦ maximum output.
◦ maximum profit.
◦ optimal output.

Question 2

Suppose a firm is experiencing increasing returns to scale. This is shown graphically by
◦ a horizontal long-run average cost curve.
◦ a downward-sloping long-run average cost curve.
◦ a vertical long-run average cost curve.
◦ an upward-sloping long-run average cost curve.
◦ None of the above; returns to scale have nothing to do with the shape of the long-run average cost curve.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by krabuske on Oct 12, 2022

RodrickHac

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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krabuske

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

dreamfighter72

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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