Author Question: As a firm expands into overseas markets, information problems and the complexity of operating within ... (Read 48 times)

misspop · **on:** Jun 30, 2018

As a firm expands into overseas markets, information problems and the complexity of operating within many varied cultures and economies may result in
a. constant returns to scale
b. diminishing marginal returns
c. declining long-run marginal cost
d. diseconomies of scale
e. economies of scale

Question 2

The average total cost curve and the average variable cost curve
a. are closer together as output increases, with average variable cost reaching its minimum level first
b. are closer together as output increases, with average total cost reaching its minimum level first
c. are farther apart as output increases, with average variable cost reaching its minimum level first
d. are farther apart as output increases, with average total cost reaching its minimum level first
e. are parallel to each other, and reach their minimum levels at the same rate of output