Author Question: When economies of scale exist, an increase in the level of output will lead to: a. a decrease in ... (Read 48 times)

geoffrey · **on:** Jun 30, 2018

When economies of scale exist, an increase in the level of output will lead to:
a. a decrease in cost per unit.
b. an increase in cost per unit.
c. a decrease in total cost.
d. both a. and c. above

Question 2

The price of stock is determined by:
a. the demand for the good produced by the firm.
b. the number of shares of a firm's stock that is available.
c. the performance of the stock market.
d. the performance of the Federal Reserve.
e. the demand for and supply of a company's shares.