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25 Jan 2019

Economies of scale are indicated by:

a. The rising segment of the average variable cost curve.

b. The declining segment of the long-run average total cost curve

c. The difference between total revenue and total cost

d. rising marginal cost curve

 

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Related questions

Diseconomies of scale mean that:

a. a firm's long-run average total cost curve is declining.

b. a firm's long-run average total cost curve is rising.

c. the advantages of specialization are being more fully realized.

d. a given increase in inputs results in a more-than-proportionate increase in output.

 

Economies of scale exist when the long run average cost curve is:

A) Rising

B) Falling

C) Constant

D) None of the above

in the short run the individual competitive firm's supply curve is that segment of the
  1. Average variable cost curve lying below the marginal cost curve
  2. Marginal cost curve lying above the average variable cost curve
  3. Marginal revenue curve lying below the demand curve
  4. Marginal cost curve lying between the average total cost curve and the average variable cost curves

 

 

 

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