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Economics
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29 Oct 2020

__________ refers to a situation in which if the production goes up, the cost goes down.

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Microeconomics
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Analyze Costs in the Long run
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Paramjeet Chawla
Paramjeet ChawlaLv8
29 Oct 2020

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Related questions

Which statement reflects the inverse relationship between quantity demanded and price?
 
a. As the price goes up, quantity demanded goes up.
b. As the price goes down, quantity demanded goes up.
c. As the supply goes up, the price goes up.
d. As the supply goes up, the demand goes up.
In economics, a fixed cost is a cost that:
a. does not vary with the level of output.
b. goes down as the level of output goes up.
c. is present only in the short run.
d. goes up as the level of output goes up.
What happens first when the demand for a fad peaks and falls?
 
A. The quantity supplied and the price both go up.
B. The quantity supplied goes down, and the price goes up.
C. The surplus ends up for sale on the black market.
D. The price goes down, and the quantity supplied goes up.

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