Multiple Choice
As a table manufacturing company produces more tables,the average total cost of each table produced increases.This could be because:
A) Total fixed costs are decreasing as more tables are produced
B) There are economies of scale
C) There are diseconomies of scale
D) Total variable cost is decreasing as more tables are produced.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Learning curves mean<br>A)you learn from experience<br>B)current production
Q24: It costs firm A $800 to produce
Q25: A firewood supplier has a very seasonal
Q26: Eddys' Electronics found that instead of producing
Q27: You would expect that your firm is
Q29: A rising average cost implies that<br>A)marginal cost
Q30: Ray's Radios believed the synergies between radio
Q31: Average costs _initially due to the presence
Q32: The term "bottleneck" refers to<br>A)when increasing amounts
Q33: Diminishing marginal productivity implies<br>A)decreasing marginal costs<br>B)increasing marginal