When economies of scale exist: a. per unit production costs ...

[haleyc112]

When economies of scale exist:
 a. per unit production costs increase as output expands.
 b. per unit production costs decline as output expands.
 c. marginal cost must decrease as output expands.
 d. per unit production costs remain constant as output expands.

Question 2

When a price rise of an asset can be justified by fundamental concepts and past experiences, then such a price rise does not constitute a classic bubble.
 a. True
  b. False
  Indicate whether the statement is true or false

[amandanbreshears]

Answer to Question 1

b

Answer to Question 2

True

[haleyc112]

YES! Correct, THANKS for helping me on my review

[Mochi]

Thanks for the timely response, appreciate it