Author Question: Economies of scale yield a. declining average cost as output increases b. declining marginal cost ... (Read 150 times)

newbem · **on:** Jun 30, 2018

Economies of scale yield
a. declining average cost as output increases
b. declining marginal cost as output increases
c. declining total cost as output increases
d. diminishing average returns as output increases
e. increasing marginal revenue as output increases

Question 2

One goal of political action committees is to
a. encourage people to become more active in politics
b. engage in rent seeking
c. help raise funds for government agencies
d. evade taxes
e. make it easier for legislators to accept the median voter model