A curve is plotted with y measured on the vertical axis and x ...

[jCorn1234]

A curve is plotted with y measured on the vertical axis and x measured on the horizontal axis. The slope of the curve equals
 
  A) y divided by x.
  B) the change in y divided by x.
  C) the change in y divided by the change in x.
  D) y divided by the change in x.

Question 2

________ occur when the average total cost falls as the quantity produced increases.
 
  A) Increasing marginal returns
  B) Decreasing marginal returns
  C) Economies of scale
  D) Diseconomies of scale

[JYan]

Answer to Question 1

C

Answer to Question 2

C