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Economics Homework Six Answers - Student Eight (view source)
Revision as of 21:05, February 1, 2010
, 21:05, February 1, 2010categorizing
'''2.''' Diminishing returns to scale.
'''2.''' Diminishing returns to scale.
:Correct.
:Correct, but say DECREASING returns to scale. It's not "diminishing", as in the very different concept of "diminishing marginal utility."
'''3.''' A family's short run cost for a broken [[computer]] is a computer repairman. A long term cost is a whole new computer.
'''3.''' A family's short run cost for a broken [[computer]] is a computer repairman. A long term cost is a whole new computer.
:Some great answers. 105/110.--[[User:Aschlafly|Andy Schlafly]] 22:30, 24 October 2009 (EDT)
:Some great answers. 105/110.--[[User:Aschlafly|Andy Schlafly]] 22:30, 24 October 2009 (EDT)
[[Category:Economics Homework Six Answers]]