Microeconomics > QUESTIONS & ANSWERS > MICRO_EXAM 2 PRACTICE QUESTIONS and ANSWERS (All)
MICRO_EXAM 2 PRACTICE QUESTIONS and ANSWERS
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MICRO_EXAM 2 PRACTICE QUESTIONS and ANSWERSECO 2023 Principles of Microeconomics PRACTICE QUESTIONS for EXAM 2 1. Economies of scale occur when a. long-run average total costs rise as output increa ... ses. b. long-run average total costs fall as output increases. c. average fixed costs are falling. d. average fixed costs are constant. ANSWER: b. long-run average total costs fall as output increases. [Show More]
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