Multiple Choice
__________ scale exist when inputs are increased by some percentage and output increases by a smaller percentage, whereas __________ scale exist when inputs are increased by some percentage and output increases by the same percentage.
A) Economies of; diseconomies of
B) Constant returns to; economies of
C) Diseconomies of; constant returns to
D) Diseconomies of; economies of
Correct Answer:
Verified
Correct Answer:
Verified
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
Q83: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt=" -For ABC, Inc.,
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
Q87: Economies of scale refer to<br>A)the minimum point
Q88: Average productivity of labor equals<br>A)the change in
Q89: Costs that do not change with output