Author Question: When there are diseconomies of scale in production: a. long-run average total cost declines as ... (Read 231 times)

schs14 · **on:** Jun 30, 2018

When there are diseconomies of scale in production:
a. long-run average total cost declines as output expands.
b. long-run average total cost increases as output expands.
c. average fixed cost increases as output expands.
d. marginal cost decreases as output expands.

Question 2

When the interest rate on alternative investments rise, it becomes costly for the bondholders to retain their bonds with them.
a. True
b. False
Indicate whether the statement is true or false