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Author Question: When an increase of a firm's scale of production leads to higher average costs per unit produced, ... (Read 42 times)

MirandaLo

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on: Apr 19, 2019

Question 1

Related to the 
Economics in Practice on page 195: If firms have long-run average cost curves with a long, flat section


◦ their long run supply curves are downward sloping.
◦ the optimal number of firms in the industry is one.
◦ larger firms have a cost advantage over smaller firms.
◦ it is impossible to predict the size of the firm.

Question 2

When an increase of a firm's scale of production leads to higher average costs per unit produced, there is an increasing return to scale.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by MirandaLo on Apr 19, 2019

kbennett34

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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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MirandaLo

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

vickyvicksss

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Reply 3 on: Yesterday
Wow, this really help

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