This topic contains a solution. Click here to go to the answer

Author Question: A movement from A to C in Figure 7.2 may represent A) economies of scale. B) diseconomies of ... (Read 82 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
A movement from A to C in Figure 7.2 may represent
 
  A) economies of scale.
  B) diseconomies of scale.
  C) learning.
  D) economies of scope.
  E) diseconomies of scope.

Question 2

What happens to the marginal revenue product curve of a factor as more of a complementary factor is hired?
 
  A) It shifts to the left, because its marginal product decreases.
  B) It shifts to the left, because its marginal product increases.
  C) It shifts to the right, because its marginal product decreases.
  D) It shifts to the right, because its marginal product increases.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

C

Answer to Question 2

D





 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

For a complete list of videos, visit our video library