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Author Question: Every point on a ________ represents the minimum cost at which the associated output level can be ... (Read 35 times)

KimWrice

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on: Apr 19, 2019

Question 1

Mondo's Microbrewery is growing rapidly. As a result of achieving larger size, the firm realizes it needs to hire quite a few additional employees and upgrade its brewing and bottling equipment, which increases its average costs. The best explanation for these events is that Mondo's Microbrewery is experiencing ________ returns to scale.


◦ increasing
◦ constant
◦ decreasing
◦ first decreasing and then increasing

Question 2

Every point on a ________ represents the minimum cost at which the associated output level can be produced when the scale of plant can be changed.


◦ U-shaped long-run average cost curve
◦ marginal cost curve
◦ long-run variable cost curve
◦ long-run demand curve
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by KimWrice on Apr 19, 2019

shayla

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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KimWrice

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Joy Chen

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

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