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Author Question: If unit costs increase as the quantity of production increases and all inputs are variable, then a ... (Read 63 times)

Bernana

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on: Jun 30, 2018
If unit costs increase 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. What is the headroom for them?
 a. Prices up to 1,000
  b. Price range between 3,000 and 4,000
  c. Prices above 4,000
  d. Prices below 3,000


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kaykay69

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


Bernana

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Reply #2 on: Jun 30, 2018
Thank you :)


kaykay69

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Reply #3 on: Jun 30, 2018
Happy to help you


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