At the current level of output, long-run marginal cost is 50 and long-run average cost is 75. This implies that:
A) there are neither economies nor diseconomies of scale.
B) there are economies of scale.
C) there are diseconomies of scale.
D) the cost-output elasticity is greater than one.
Question 2
The income-consumption curve
A) illustrates the combinations of incomes needed with various levels of consumption of a good.
B) is another name for income-demand curve.
C) illustrates the utility-maximizing combinations of goods associated with every income level.
D) shows the utility-maximizing quantity of some good (on the horizontal axis) as a function of income (on the vertical axis).
This Black-browed Albatross has been hooked on a long-line.
Cost Accounting 14
Keeping your feelings to yourself may increase your stress level
C heck the description bcuz the question is too long. there is a file attached but it is the ...
A reciprocal translocation involving the long arms of chromosomes
Flexible exchange rates are supposed to prevent long-term trade deficits.