Author Question: At a given rate of output, marginal cost equals the slope of the a. long-run average cost curve b. ... (Read 68 times)

fahad · **on:** Jun 30, 2018

At a given rate of output, marginal cost equals the slope of the
a. long-run average cost curve
b. short-run average total cost curve
c. planning curve
d. total cost curve
e. average variable cost curve

Question 2

Diseconomies of scale at the firm level occur
a. wherever the firm's long-run average cost curve is horizontal
b. wherever the firm's long-run total cost curve is horizontal
c. where marginal cost equals marginal revenue
d. if a firm becomes too large
e. if any of the firm's plants becomes too large