This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When long-run average cost remains constant as output increases there are constant A) marginal ... (Read 127 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
When long-run average cost remains constant as output increases there are constant
 
  A) marginal returns.
  B) returns to scale.
  C) economies of scale.
  D) diseconomies of scale.

Question 2

If people suddenly start to expect the price of oil to rise less rapidly than the interest rate, the demand for oil ________ and the supply of oil ________.
 
  A) increases; increases
  B) increases; decreases
  C) decreases; decreases
  D) decreases; increases


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dyrone

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


NClaborn

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
:D TYSM

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

long bone long bone
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
Calculator Output Calculator Output
A reciprocal translocation involving the long arms of chromosomes A reciprocal translocation involving the long arms of chromosomes
The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum
Video: Pericarditis

For a complete list of videos, visit our video library