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Author Question: Which one of the statements is true? a. Diminishing returns is a long-run concept while decreasing ... (Read 102 times)

Mr.Thesaxman

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on: Jul 1, 2018
Which one of the statements is true?
 a. Diminishing returns is a long-run concept while decreasing returns to scale is a short-run concept.
 b. Diminishing returns is a short-run concept while decreasing returns to scale is a long-run concept.
 c. Diminishing returns is a both short and long-run concept while decreasing returns to scale is a short-run concept.
  d. Diminishing returns is a long-run concept while decreasing returns to scale is a short and long-run concept.

Question 2

In the nonstrategic view of bargaining
 a. The first-mover usually gains more
 b. The second-mover usually gains more
 c. The third-mover usually gains more
 d. The outcome depends on which mover can commit to a strategy


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bblaney

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


Mr.Thesaxman

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Reply 2 on: Jul 1, 2018
Wow, this really help

upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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