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

Author Question: You would expect that your firm is experiencing increasing returns to scale if a. Long run average ... (Read 70 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
You would expect that your firm is experiencing increasing 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 over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. His bargaining position could get worse if
 a. The customer leaves
 b. Another customer enters the store, interested in the car
  c. He gets an offer from another seller
 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

polinasid

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

b

Answer to Question 2

b




vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jul 1, 2018
Excellent


ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

For a complete list of videos, visit our video library