If a store owner increases the size of his store producing more quantities of his product, and experiences constant returns to scale as a result, his long-run average total cost curve should be increasing decreasing vertical O horizontal

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A: Yes there a commonality of the customer’s needs across countries.

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A: Both inputs are used in the fixed proportion. This is a case of complementary inputs.

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A: In economics, the word 'scarcity' refers to the limited availability of resources in an economy.

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A:

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Q: q TVC ATC/AC MC 0 0 65 2 105 3 135 4 167 5 a. 203 6 244 7 293 d. 8 55 355 9 432 10 527 e. 3. Draw…

A: TFC = Same for al the units as it is fixed. TC = TFC + TVC AVC = TVC/Q AC = TC/Q MC = TCn - TCn-1

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Q: q0 TVC ATC/AC MC 0 65 105 135 167 203 244 293 d. 55 355 432 10 527 7. Suppose the price determined…

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A: Answer is given below

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Q: TFC TVC 0 65 105 135 167 a. 203 244 293 d. 55 355 432 10 527 3. Draw the short-run MC, AVC, and AC…

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