A firm is reducing their output from 2,000 units to 1,000 units. This decision results in a reduction in the long run average cost from $300 to $200. What can be said about this firm?Multiple choice question.The firm is experiencing constant returns to scale.The firm is experiencing profitable returns to scale.The firm is experiencing economies of scale.The firm is experiencing diseconomies of scale.

Fill in the Blank QuestionFill in the blank question.A firm's long-run average total costs may decline over a wide range of output due to of scale.

If a firm experiences the diseconomies of scale, it means that:Question 8Answera.As the firm produces more, its long-run average total cost increases.b.As the firm produces more, its long-run average total cost decreases.c.The firm is operating at the minimum efficient scale.d.The firm is in a competitive market.

Economies of scale occur when a firm’sGroup of answer choicesmarginal costs are constant as output increases.long-run average total costs are decreasing as output increases.long-run average total costs are increasing as output increases.marginal costs are equal to average total costs for all levels of output.

A firm has a production capacity of 20,000 units. When 10,000 units are produced, fixed costs are $16 per unit. Therefore, when 20,000 units are produced fixed costs will_______:Question 9Select one:a.remain at $16 per unitb.increase to $32 per unitc.total $320,000d.decrease to $8 per unit

Assume that in the short run, a firm which is producing 100 units of output has average total costs of $200 and average variable costs of $150. The firm's total fixed costs are:Group of answer choices$500.$0.50.$50 .$5000.