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Author Question: The smallest size plant size at which the long-run average cost curve is at its minimum is called the (Read 136 times)

melina_rosy

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on: Apr 19, 2019

Question 1

For constant returns to scale, a(n) ________ in a firm's scale of production leads to ________ average total cost.


◦ increase; lower
◦ increase; higher
◦ decrease; a change in
◦ decrease; no change in

Question 2

The smallest size plant size at which the long-run average cost curve is at its minimum is called the


◦ envelope.
◦ profit-maximizing scale of production.
◦ minimum efficient scale.
◦ shut down point.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by melina_rosy on Apr 19, 2019

tuate

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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melina_rosy

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Reply #2 on: Apr 19, 2019
Thank you!


tuate

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Reply #3 on: Apr 19, 2019
Always glad to help...


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