If output is increased in the long-run, average production costs ...

[deesands]

If output is increased in the long-run, average production costs in the presence of internal diseconomies of scale will ________, and in the presence of external diseconomies of scale, will ________.
 
  A) decrease; decrease
  B) increase; remain constant
  C) remain constant; increase
  D) decrease; remain constant
  E) increase; decrease

Question 2

If the price of a good rises by 10 and the quantity purchased falls by 5, then demand for the good is ________ and total spending on the good will ________.
 
  A) elastic; increase
  B) inelastic; increase
  C) elastic; decrease
  D) me and so inelastic; decrease

[covalentbond]

Answer to Question 1

C

Answer to Question 2

B

[deesands]

Thanks for the timely response, appreciate it

[parker125]

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