39) Increasing returns to scale indicates that a) a decrease in the scale of production will cause average cost to increase b) an increase in the scale of production will cause average cost to increase c) an increase in the scale of production will cause average cost to fall d) none of the above is true
39) Increasing returns to scale indicates that a) a decrease in the scale of production will cause average cost to increase b) an increase in the scale of production will cause average cost to increase c) an increase in the scale of production will cause average cost to fall d) none of the above is true
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 15SQ
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39) Increasing returns to scale indicates that
a) a decrease in the scale of production will cause average cost to increase
b) an increase in the scale of production will cause average cost to increase
c) an increase in the scale of production will cause average cost to fall
d) none of the above is true
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