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Author Question: If output is increased in the long-run, average production costs in the presence of internal ... (Read 123 times)

deesands

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on: Jun 30, 2018
If output is increased in the long-run, average production costs in the presence of internal diseconomies of scale will ________, and in the presence of external diseconomies of scale, will ________.
 
  A) decrease; decrease
  B) increase; remain constant
  C) remain constant; increase
  D) decrease; remain constant
  E) increase; decrease

Question 2

If the price of a good rises by 10 and the quantity purchased falls by 5, then demand for the good is ________ and total spending on the good will ________.
 
  A) elastic; increase
  B) inelastic; increase
  C) elastic; decrease
  D) me and so inelastic; decrease


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covalentbond

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


deesands

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Dnite

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Reply 3 on: Yesterday
Excellent

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