Multiple Choice
The optimal plant size depends on
A) whether the firm confronts diminishing returns on its fixed factors of production.
B) the output the firm expects to produce.
C) whether the plant uses capital-intensive or labor-intensive production techniques.
D) the preferences of the individual firm owners.
Correct Answer:

Verified
Correct Answer:
Verified
Q133: Use the figure to answer the following
Q134: As output rises, marginal product eventually diminishes
Q135: Which of the following is true about
Q136: Use the figure to answer the following
Q137: Suppose a professor gives up her teaching
Q139: Use the figure to answer the following
Q140: Since it is costly for stockholders to
Q141: One advantage of team production over contracting
Q142: Profit-sharing plans, where employees receive bonuses in
Q143: The short run is the time period