Multiple Choice
Diseconomies of scale occur when:
A) Marginal costs increase as output increases in the long run.
B) Total costs increase as output increases in the long run.
C) Fixed costs increase as output increases in the long run.
D) Unit costs increase as output increases in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The short run:<br>A) Is 1 week.<br>B) Is
Q2: Internal economies of scale occur when:<br>A) Costs
Q3: Fixed costs:<br>A) Never change.<br>B) Do not change
Q4: The Law of Diminishing Returns occurs:<br>A) In
Q6: The marginal product curve:<br>A) Is inversely related
Q7: Short run marginal costs are determined mainly
Q8: If the total product is 300 units
Q9: Marginal costs:<br>A) Equal fixed costs plus variable
Q10: The first level of output at which
Q11: The increase or decrease in total cost