18. (Points: 2) Which is a true statement? a. Diseconomies of scale and diminish
ID: 1243308 • Letter: 1
Question
18.
(Points: 2) Which is a true statement?a. Diseconomies of scale and diminishingmarginal products are two ways of stating the samething.
b.Economies of scale is a short-run concept, and diminishing marginalproduct is a long-run concept.
c. Constant returns to scale is a short-run concept,and diminishing marginal product is a long-run concept.
d. None of the above.
18.
(Points: 2) Which is a true statement?a. Diseconomies of scale and diminishingmarginal products are two ways of stating the samething.
b.Economies of scale is a short-run concept, and diminishing marginalproduct is a long-run concept.
c. Constant returns to scale is a short-run concept,and diminishing marginal product is a long-run concept.
d. None of the above.
Explanation / Answer
d. None of the above.
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