This topic contains a solution. Click here to go to the answer

Author Question: Economies of scale exist when a. long-run average costs decline as output increases. b. long-run ... (Read 92 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
Economies of scale exist when
 a. long-run average costs decline as output increases.
  b. long-run average costs are constant.
  c. long-run average costs increase as output increases.
  d. short-run average costs decline.
  e. short-run average costs increase.

Question 2

Two goods, X and Y, are called complements if
 a. an increase in PX causes more Y to be bought.
  b. an increase in PX causes less Y to be bought.
  c. an increase in PY causes less Y to be bought.
  d. an increase in income causes more of both X and Y to be bought.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mollythedog

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

A

Answer to Question 2

b




mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

For a complete list of videos, visit our video library