Author Question: If a firm experiences increasing returns to scale at all levels of output: a. the slope of its ... (Read 27 times)

LaDunn · **on:** Jun 30, 2018

If a firm experiences increasing returns to scale at all levels of output:
a. the slope of its long-run total cost curve is everywhere negative.
b. the slope of its short-run average cost curve is everywhere negative.
c. the slope of its long-run average total cost curve is everywhere negative.
d. the slope of its production function is everywhere negative.

Question 2

Buying a newly issued bond implies:
a. borrowing money from a private bank.
b. taking over the ownership of the issuing firm.
c. lending money to the issuing firm.
d. paying the price for a service rendered by the issuing firm.
e. borrowing funds from international organizations.