Author Question: When long-run average cost remains constant as output increases there are constant A) marginal ... (Read 55 times)

NClaborn · **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