Author Question: In the long run, firms in many industries often experience a falling average total cost curve as a ... (Read 86 times)

sheilaspns · **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

amandalm · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

a

sheilaspns · **Reply #2 on:** Jun 30, 2018

Thank you

amandalm · **Reply #3 on:** Jun 30, 2018

Happy to help you

Author Question: In the long run, firms in many industries often experience a falling average total cost curve as a ... (Read 86 times)

sheilaspns

In the long run, firms in many industries often experience a falling average total cost curve as a ...

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amandalm

In the long run, firms in many industries often experience a falling average total cost curve as a ...

sheilaspns

In the long run, firms in many industries often experience a falling average total cost curve as a ...

amandalm

In the long run, firms in many industries often experience a falling average total cost curve as a ...