Multiple Choice
If a firm enlarges its factory size and realizes higher average costs of production then:
A) it has experienced economies of scale.
B) it has experienced diseconomies of scale.
C) it has experienced constant returns to scale.
D) the long-run average cost curve slopes downward.
Correct Answer:
Verified
Correct Answer:
Verified
Q66: Exhibit 7-4 A marginal product curve<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg"
Q67: Which of the following would be considered
Q68: Exhibit 7-16 Long-run average cost curves<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg"
Q69: The minimum point on the marginal cost
Q70: Distinguish economies and diseconomies of scale. How
Q72: Exhibit 7-2 Cost schedule for pizza production<br><img
Q73: Exhibit 7-5 Workers and output data<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg"
Q74: Suppose a publisher faces the following costs
Q75: When the curve that envelops the series
Q76: The short run is a period of