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Author Question: When long-run average cost decreases as output increases there are definitely A) increasing ... (Read 85 times)

wenmo

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  • Posts: 540
on: Jun 29, 2018
When long-run average cost decreases as output increases there are definitely
 
  A) increasing marginal returns.
  B) economies of scale.
  C) Both answers A and B are correct.
  D) Neither answer A nor B is correct.

Question 2

All of the following are devices that governments can use to achieve a more efficient allocation of resources in the presence of external benefits EXCEPT
 
  A) vouchers.
  B) private subsidies.
  C) marketable permits.
  D) public provision.


sarajane1989

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

B

Answer to Question 2

C


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