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

[bcretired]

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

[meow1234]

Answer to Question 1

B

Answer to Question 2

B

[bcretired]

Thanks for the timely response, appreciate it

[xiaomengxian]

Excellent