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Author Question: When long-run average cost remains constant as output increases there are constant A) marginal ... (Read 72 times)

NClaborn

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on: Jun 29, 2018
When long-run average cost remains constant as output increases there are constant
 
  A) marginal returns.
  B) returns to scale.
  C) economies of scale.
  D) diseconomies of scale.

Question 2

If people suddenly start to expect the price of oil to rise less rapidly than the interest rate, the demand for oil ________ and the supply of oil ________.
 
  A) increases; increases
  B) increases; decreases
  C) decreases; decreases
  D) decreases; increases


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dyrone

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


NClaborn

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bdobbins

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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