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

Author Question: What is a production set?[br][br][b][color=black]Question 2[/color][/b][br][br]When a firm expands ... (Read 48 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
What is a production set?

Question 2

When a firm expands in size such that its workers can specialize in any one activity, the long-run average total cost of the firm gradually increases.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

moormoney

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

A production set is all possible combinations of goods and services that an economy can produce with its available resources.

Answer to Question 2

False




olgavictoria

  • Member
  • Posts: 528
Reply 2 on: Jun 30, 2018
:D TYSM


marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

For a complete list of videos, visit our video library