6. (Points: 2) Which of the following statements is false? a. In the long run, t
ID: 1243730 • Letter: 6
Question
6.
(Points: 2) Which of the following statements is false?a. In the long run, there are no fixedcosts.
b. Marginal cost isindependent of fixed costs.
c. Economies of scale is ashort-run concept.
d.Diminishing marginal product explains increasing marginalcost.
6.
(Points: 2) Which of the following statements is false?a. In the long run, there are no fixedcosts.
b. Marginal cost isindependent of fixed costs.
c. Economies of scale is ashort-run concept.
d.Diminishing marginal product explains increasing marginalcost.
Explanation / Answer
Answer: c. Economies of scale is a short-run concept.
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