Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___. The short-run average total cost curve shifts downward The long run average cost curve slopes downward The short run average total cost curve shifts downward if economies of scale exist The average total cost of production rises

Question

Want to see the full answer?

Answer 1

Question

Chapter 14, Problem 8MCQ

To determine

Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___.

The short-run average total cost curve shifts downward
The long run average cost curve slopes downward
The short run average total cost curve shifts downward if economies of scale exist
The average total cost of production rises

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

which article about commond Economic and hor it relate to Principle of Economics?

which one article about utility in an Economics and how this article relate to principle of Economics?

How Command Economics Relate to Principle Of Economics?

Answer 2

Question

Chapter 14, Problem 8MCQ

To determine

Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___.

The short-run average total cost curve shifts downward
The long run average cost curve slopes downward
The short run average total cost curve shifts downward if economies of scale exist
The average total cost of production rises

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 14, Problem 8MCQ

To determine

Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___.

The short-run average total cost curve shifts downward
The long run average cost curve slopes downward
The short run average total cost curve shifts downward if economies of scale exist
The average total cost of production rises

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 14, Problem 8MCQ

To determine

Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___.

The short-run average total cost curve shifts downward
The long run average cost curve slopes downward
The short run average total cost curve shifts downward if economies of scale exist
The average total cost of production rises

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 14, Problem 8MCQ

To determine

Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___.

The short-run average total cost curve shifts downward
The long run average cost curve slopes downward
The short run average total cost curve shifts downward if economies of scale exist
The average total cost of production rises

Answer 6

Chapter 14, Problem 8MCQ

To determine

Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___.

The short-run average total cost curve shifts downward
The long run average cost curve slopes downward
The short run average total cost curve shifts downward if economies of scale exist
The average total cost of production rises

Answer 7

Chapter 14, Problem 8MCQ

To determine

Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___.

The short-run average total cost curve shifts downward
The long run average cost curve slopes downward
The short run average total cost curve shifts downward if economies of scale exist
The average total cost of production rises

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 14 - Prob. 1SPPA Ch. 14 - Prob. 2SPPA Ch. 14 - Prob. 3SPPA Ch. 14 - Prob. 4SPPA Ch. 14 - Prob. 5SPPA Ch. 14 - Prob. 6SPPA Ch. 14 - Prob. 7SPPA Ch. 14 - Prob. 8SPPA Ch. 14 - Prob. 9SPPA Ch. 14 - Prob. 1IAPA

Solution Summary: The author explains that the short-run average total cost curve shifts downward if economies of scale exist. Long run is the period in which a firm can change its plant size, increase or decrease capital easily.

Concept explainers

Want to see the full answer?

Chapter 14 Solutions