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

Author Question: A firm decreases its scale of operation and discovers that its long-run average costs decrease. ... (Read 70 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
A firm decreases its scale of operation and discovers that its long-run average costs decrease. Which of the following does this indicate?
◦ Labor's marginal product has increased.
◦ Diseconomies of scale were absent in the larger plant.
◦ The firm's scale initially was so large that it experienced diseconomies of scale.
◦ The firm's scale initially was too small to experience economies of scale.
◦ Its long-run marginal cost was smaller with the larger plant than with the smaller plant.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Lobcity on May 24, 2019

mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
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.
Answer Preview
Only 25% of students answer this correctly





 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

For a complete list of videos, visit our video library