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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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