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Author Question: In the long run, firms in many industries often experience a falling average total cost curve as a ... (Read 93 times)

sheilaspns

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on: Jun 30, 2018
In the long run, firms in many industries often experience a falling average total cost curve as a result of:
 a. gains through trade.
  b. increasing marginal returns.
  c. economies of scale.
  d. lower fixed costs.

Question 2

Which of these factors can explain the short recession experienced by the U.S. in 2001?
 a. Terrorist attacks
 b. The stock market crash
 c. Bursting of the real estate bubble
  d. A rise in international oil prices
  e. Expenditure on war


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amandalm

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

c

Answer to Question 2

a


sheilaspns

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Reply #2 on: Jun 30, 2018
Thank you :)


amandalm

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Reply #3 on: Jun 30, 2018
Happy to help you


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