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Author Question: At a given rate of output, marginal cost equals the slope of the a. long-run average cost curve b. ... (Read 52 times)

fahad

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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


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alexisweber49

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

D

Answer to Question 2

D


fahad

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  • Posts: 570
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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