Author Question: When long-run average costs increase as output increases, there are A) economies of scale. B) ... (Read 146 times)

bcretired · **on:** Jun 29, 2018

When long-run average costs increase as output increases, there are

A) economies of scale.
B) diseconomies of scale.
C) constant returns to scale.
D) constant marginal costs.

Question 2

The outcome from a voucher scheme is efficient when the government makes the value of the voucher equal to ________.

A) marginal external cost
B) marginal external benefit
C) external cost
D) external benefit