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Author Question: The smallest size at which long-run average cost is at its lowest level is called (Read 66 times)

jazziefee

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on: Apr 19, 2019

Question 1

Suppose Fergie's Florist experiences ________ up to a certain point and ________ beyond that point. Its long-run average cost curve is most likely to be U-shaped.


◦ diseconomies of scale; economies of scale
◦ constant returns to scale; economies of scale
◦ diseconomies of scale; constant returns to scale
◦ economies of scale; diseconomies of scale

Question 2

The smallest size at which long-run average cost is at its lowest level is called


◦ the minimum efficient scale.
◦ the maximum efficient scale.
◦ economies of scale.
◦ diseconomies of scale.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jazziefee on Apr 19, 2019

bob

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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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jazziefee

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Reply #2 on: Apr 19, 2019
Thanks


bob

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Reply #3 on: Apr 19, 2019
Welcome :)


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