This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You would expect that your firm is experiencing decreasing returns to scale if a. Long run average ... (Read 110 times)

cherise1989

  • Hero Member
  • *****
  • Posts: 555
on: Jul 1, 2018
You would expect that your firm is experiencing decreasing returns to scale if
 a. Long run average costs increase with output
 b. Long run average costs decrease with output
 c. Long run average costs are constant with respect to output
  d. None of the above

Question 2

Jim is haggling with a car dealer on the price of a used car. During the bargaining, Jim discovers that the car has a significant number of scratches which he had not noticed before. The total surplus from the sale has
 a. Increased
 b. Decreased
 c. Was not affected
  d. All of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


cherise1989

  • Hero Member
  • *****
  • Posts: 555
Reply #2 on: Jul 1, 2018
Thank you :)


Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Human, pilot whale and elephant brains up to scale. (1)-cerebrum (1a)-temporal lobe and (2)-cerebell Human, pilot whale and elephant brains up to scale. (1)-cerebrum (1a)-temporal lobe and (2)-cerebell
long bone long bone
Long-Term Potentiation and Long-Term Depression Long-Term Potentiation and Long-Term Depression
The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage
Determining Richter Scale Magnitude Determining Richter Scale Magnitude
Video: Glomerubular filtrate rate -pressures that affect GFR and net filtration pressure

For a complete list of videos, visit our video library