4. Questions and PrDiseconomies of scale( The law of diminishing marginal returns erence between the law of diminishing marginal returns and diseconomies of scale.applies to the short run, when at least one input is fixed, whereaswhen all inputs are variable and is therefore a long-run concept.Grade It NowSave & ContinuContinue without sa the law of diminishing marginal returns occursbetween the law of diminishing marginal returns and diseconomies of scale.diseconomies of scale occurapplies to the short run, when at least one input is fixed, whereaswhen all inputs are variable and is therefore a long-run concept.Grade It NowSave & ContinuContinue without s

Law of diminishing marginal return applies to short run where at least one factor is fixed

4. Questions and Diseconomies of scale The law of diminishing marginal returns erence between the law of diminishing marginal returns and diseconomies of scale. applies to the short run, when at least one input is fixed, whereas when all inputs are variable and is therefore a long-run concept. Grade It Now Save & Continu Continue without sa

4. Questions and Diseconomies of scale The law of diminishing marginal returns erence between the law of diminishing marginal returns and diseconomies of scale. applies to the short run, when at least one input is fixed, whereas when all inputs are variable and is therefore a long-run concept. Grade It Now Save & Continu Continue without sa

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 2.5P

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Similar questions

What shape of a long-run average cost curve illustrates economies of scale, constant returns to scale, and diseconomies of scale?
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What is a long-run average cost curve?