This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm decreases its scale of operation and discovers that its long-run average costs decrease. ... (Read 75 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: May 24, 2019
A firm decreases its scale of operation and discovers that its long-run average costs decrease. Which of the following does this indicate?
◦ Labor's marginal product has increased.
◦ Diseconomies of scale were absent in the larger plant.
◦ The firm's scale initially was so large that it experienced diseconomies of scale.
◦ The firm's scale initially was too small to experience economies of scale.
◦ Its long-run marginal cost was smaller with the larger plant than with the smaller plant.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Lobcity on May 24, 2019

mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: May 24, 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.
Answer Preview
Only 25% of students answer this correctly


Lobcity

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: May 24, 2019
Excellent


mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
Components of a long bone. The entire long bone is on the left side accompanied by a blowup of the p Components of a long bone. The entire long bone is on the left side accompanied by a blowup of the p
Geriatric Depression (Mood Assessment) Scale Geriatric Depression (Mood Assessment) Scale
The Geologic Time Scale The Geologic Time Scale
Weight Scale Weight Scale
The average percentages by polygraph exams The average percentages by polygraph exams
Video: Introduction to Pre-eclampsia

For a complete list of videos, visit our video library