Author Question: If a firm's long-run average total curve shows that it can produce 5,000 DVDs at an average cost of ... (Read 148 times)

V@ndy87 · **on:** Jun 29, 2018

If a firm's long-run average total curve shows that it can produce 5,000 DVDs at an average cost of 2.00 and 15,000 DVDs at an average cost of 1.50, this is evidence of

A) economies of scale. B) the law of supply.
C) diminishing returns. D) diseconomies of scale.

Question 2

Which of the following increases labor productivity?

A) decreases in the availability of computers and factory buildings
B) a decline in the health of the population
C) inventions of new machinery, equipment, or software
D) an increase in the aggregate hours of work