Multiple Choice
As the firm in the diagram expands from plant size #3 to plant size #5, it experiences
A) increasing returns.
B) economies of scale.
C) diseconomies of scale.
D) constant costs.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q326: Harvey quit his job at State University,
Q327: The law of diminishing returns explains why<br>A)total
Q328: Discuss what is meant by the long
Q329: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q330: At any level of output.<br>A)average variable cost
Q332: If a firm increases all its inputs
Q333: Answer the question on the basis of
Q334: Answer the question on the basis of
Q335: Accounting profits equal total revenue minus<br>A)total explicit
Q336: What is the difference between the short