« previous next »

Author Question: When long-run average costs decrease as output increases, there are A) economies of scale. B) ... (Read 107 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
When long-run average costs decrease as output increases, there are
 
  A) economies of scale.
  B) diseconomies of scale.
  C) constant returns to scale.
  D) constant marginal costs.

Question 2

Pirates have been intensely attacking ships off the shore of Somalia this year. Boat owners have reportedly coughed up more than 30 million in ransom and insurance premiums have shot up. Why would insurance premiums increase dramatically?
 
  I. Because the probability of pirate attack has increased
  II. Because consumers' willingness to pay for insurance has increased because of these attacks
  III. Because insurance claims have increased
  A) I only
  B) I and III only
  C) III only
  D) I, II, and III


Liddy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Large-scale impacts of the (a) positive, and (b) negative phases of the North Atlantic Oscillation. Large-scale impacts of the (a) positive, and (b) negative phases of the North Atlantic Oscillation.
pH Scale pH Scale
Varieties of Long-Term Memory Varieties of Long-Term Memory
Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading. Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading.
When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV. When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV.
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
Video: How to make cDNA Animation

For a complete list of videos, visit our video library