This topic contains a solution. Click here to go to the answer

Author Question: If unit costs remain constant as the quantity of production increases and all inputs are variable, ... (Read 21 times)

tingc95

  • Hero Member
  • *****
  • Posts: 556
If unit costs remain constant as the quantity of production increases and all inputs are variable, then a firm is experiencing
 A) constant returns to scale.
  B) economies of scale.
  C) diseconomies of scale.
  D) falling economies of scope.

Question 2

Terry wants to sell his car and the lowest price he is willing to accept is 3,000 . Alice likes the car and is willing to pay at most 4,000 for it. They begin to negotiate to arrive at a price. Which of the following statements will be true?
 a. They are playing a zero-sum game.
  b. The higher the price they agree on, the greater the benefit to both.
  c. The longer they take to arrive at an agreed price, the lower the benefit to them.
  d. They are playing a positive-sum game where their benefits add up to 1,000.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloud

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

A

Answer to Question 2

D




tingc95

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library