Multiple Choice
If a firm increases its output level by 50 percent and,as a result,long-run total cost rises by 40 percent,the firm is experiencing
A) diseconomies of scale
B) constant returns to scale
C) economies of scale
D) increasing marginal returns
E) diminishing marginal returns
Correct Answer:

Verified
Correct Answer:
Verified
Q53: If firms in a market have been
Q54: Sunk costs should be ignored in decision
Q55: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -In Figure 7-4,marginal
Q56: If the marginal product of labor is
Q57: Marginal cost is<br>A)the increase in total cost
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 7-8 shows
Q60: Samantha has been working for a law
Q61: Samantha has been working for a law
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 7-8 shows
Q63: When the marginal product of labor increases