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Author Question: Of the following, which is the least likely to represent a firm's long-run decision? (Read 43 times)

isam

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on: Oct 12, 2022

Question 1

Which of the following paired concepts are equivalent to each other?
◦ increasing returns; increasing costs
◦ increasing returns; diseconomies of scale
◦ decreasing returns; decreasing costs
◦ decreasing costs; economies of scale
◦ constant costs; economies of scale

Question 2

Of the following, which is the least likely to represent a firm's long-run decision?
◦ What technique (technology) is the best to use under current factor pricing?
◦ What should be the size and design of a firm's new plant?
◦ Should the firm choose a method of production that uses relatively more capital than labour?
◦ By how much should output be expanded from existing plants?
◦ Should the firm invest resources in the development of better technologies?
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by isam on Oct 12, 2022

hariet5

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Reply #1 on: Oct 12, 2022
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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isam

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

ultraflyy23

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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