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Author Question: A curve is plotted with y measured on the vertical axis and x measured on the horizontal axis. The ... (Read 234 times)

jCorn1234

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  • Posts: 545
on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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