Multiple Choice
Which of the following is true
A) Increasing output always leads to increase in profits
B) Increasing outputs increase profits if price is above marginal cost
C) Increasing output increases profits if price is lea than marginal costs
D) Increasing output always decreases profits
Correct Answer:
Verified
Correct Answer:
Verified
Q53: A firm could experience diseconomies of scale
Q54: If marginal costs fall below average cost,average
Q55: Expansion<br>Your firm prints the novelty baseball cards
Q56: Ceramics<br>The ArtHaus by Antonia continually introduces new
Q57: Diseconomies of scale are also known as<br>A)Increasing
Q58: A falling average cost implies that<br>A)marginal cost
Q59: When a firm's marginal productivity declines as
Q60: All of these could be sources of
Q61: Which one of the statements is true?<br>A)Diminishing
Q62: When a firm is experiencing decreasing marginal