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Author Question: A movement from A to C in Figure 7.2 may represent A) economies of scale. B) diseconomies of ... (Read 40 times)

joesmith1212

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on: Jul 1, 2018
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.


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jazzlynnnnn

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

C

Answer to Question 2

D


joesmith1212

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Reply #2 on: Jul 1, 2018
Correct answers!


jazzlynnnnn

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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