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

Author Question: When economies of scale exist: a. per unit production costs increase as output expands. b. per unit ... (Read 144 times)

haleyc112

  • Hero Member
  • *****
  • Posts: 600
When economies of scale exist:
 a. per unit production costs increase as output expands.
 b. per unit production costs decline as output expands.
 c. marginal cost must decrease as output expands.
 d. per unit production costs remain constant as output expands.

Question 2

When a price rise of an asset can be justified by fundamental concepts and past experiences, then such a price rise does not constitute a classic bubble.
 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

amandanbreshears

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

b

Answer to Question 2

True




haleyc112

  • Member
  • Posts: 600
Reply 2 on: Jun 30, 2018
:D TYSM


tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

For a complete list of videos, visit our video library