The upward-sloping portion of the long-run average cost curve is a result of: a. economies of scale. b. constant returns to scale. c. diseconomies of scale. d. increasing marginal productivity.

What does the phrase limited liability mean in a corporate context?

Personal financial planning is the process of creating and achieving financial goals? true or false

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?