Multiple Choice
-For ABC, Inc., 250,000 units of output per year represent minimum efficient scale. If ABC, Inc. decides to produce 200,000 units this year, it will be operating in the region of
A) decreasing returns to scale.
B) economies of scale.
C) diseconomies of scale.
D) constant returns to scale.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q78: Accounting profit equals economic profit if _
Q79: Economies of scale are said to exist
Q80: Which of the following statements is true?<br>A)In
Q81: Exhibit 21-14<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 21-14
Q82: Exhibit 21-11<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 21-11
Q84: _ scale exist when inputs are increased
Q85: Exhibit 21-11<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 21-11
Q86: Using the concept of marginal cost, explain
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Q88: Average productivity of labor equals<br>A)the change in