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Author Question: Economies of scale: a. are the result of a diminishing marginal product. b. pertain to the long run ... (Read 16 times)

captainjonesify

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on: Jun 30, 2018
Economies of scale:
 a. are the result of a diminishing marginal product.
 b. pertain to the long run only.
 c. refer to the increase in output that results from the increased utilization of a single input.
 d. imply that the average total cost curve will fall continuously as output increases in the short run.

Question 2

The housing bubble experienced in 2006 in the U.S. was exhibited by the extraordinary rise in the ratio of prices of houses to rents on houses.
 a. True
  b. False
  Indicate whether the statement is true or false


bpool94

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

b

Answer to Question 2

True


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