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In the short run if marginal product is at its

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In the short run, if marginal product is at its maximum,thenmarginal cost is atits minimum95.Which of the following costs will not change as out-put changes?A) total fixed costB) average variable costC) average fixed costD) total variable costE) marginal costA
96.If the marginal cost curve is below the average vari-able cost curve, thenaverage variablecost is decreasing.97.Long-run cost curves are U-shaped becauseof economies anddiseconomies ofscale.98.Which of the following statements about minimumefficient scale is FALSE?
99.Economies of scale exist as a firm increases its sizein the long run because of all of the following except
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Oregon State Econ 201 Nelson Final... you're welcomeStudy online at 100.Assume the market for organic produce sold at farm-ers' markets is perfectly competitive. All else equal,as more farmers choose to produce and sell organicproduce at farmers' markets, what islikely to happen to the equilibrium price of the pro-duce and profits of the organic farmers in the
long run?101.Which of the following is not a characteristic of aperfectly competitive market structure?A) There are no restrictions to entry by new firms.B) There are a very large number of firms that aresmall compared to the market.C) There are restrictions on exit of firms.D) All firms sell identical products.C

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