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QUESTION 5 20 poin Match each of the following terms and descriptions Constant returns to scale when the average cost of producing each individual unit A. declines as total output increases average cost of producing each individual item increases as v Diseconomies of scale B. output increases v economies of scale average cost of producing each individual unit remains C. constant as output increases v Long Run Average Total Cost Curve the relationship between output and costs over the life of a business

QUESTION 5 20 poin Match each of the following terms and descriptions Constant returns to scale when the average cost of producing each individual unit A. declines as total output increases average cost of producing each individual item increases as v Diseconomies of scale B. output increases v economies of scale average cost of producing each individual unit remains C. constant as output increases v Long Run Average Total Cost Curve the relationship between output and costs over the life of a business

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 21P
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B. the rodu g one m Average Variable Cost C. fixed costs divided by output D. total cost divided by output v Marginal Cost QUESTION 5 20 points Save Answer Match each of the following terms and descriptions Constant returns to scale when the average cost of producing each individual unit A. declines as total output increases Diseconomies of scale average cost of producing each individual item increases as В. output increases economies of scale average cost of producing each individual unit remains C. constant as output increases Long Run Average Total Cost Curve the relationship between output and costs over the life of a D. business Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit ype here to search W 63°F Ca ) ENG 8:10 PM 10/18/2021 hp
Transcribed Image Text:B. the rodu g one m Average Variable Cost C. fixed costs divided by output D. total cost divided by output v Marginal Cost QUESTION 5 20 points Save Answer Match each of the following terms and descriptions Constant returns to scale when the average cost of producing each individual unit A. declines as total output increases Diseconomies of scale average cost of producing each individual item increases as В. output increases economies of scale average cost of producing each individual unit remains C. constant as output increases Long Run Average Total Cost Curve the relationship between output and costs over the life of a D. business Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit ype here to search W 63°F Ca ) ENG 8:10 PM 10/18/2021 hp
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