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Author Question: When long-run average costs increase as output increases, there are A) economies of scale. B) ... (Read 65 times)

bcretired

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

Question 2

The outcome from a voucher scheme is efficient when the government makes the value of the voucher equal to ________.
 
  A) marginal external cost
  B) marginal external benefit
  C) external cost
  D) external benefit


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meow1234

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

B

Answer to Question 2

B


bcretired

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Reply 2 on: Jun 29, 2018
:D TYSM

gcook

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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