menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 2
  4. Exam
    Exam 11: Technology, Production, and Costs
  5. Question
    If a Firm Decreases Its Plant Size and Finds That
Solved

If a Firm Decreases Its Plant Size and Finds That

Question 98

Question 98

Multiple Choice

If a firm decreases its plant size and finds that its long-run average costs have decreased, then


A) its labor is more productive in a smaller plant.
B) its diseconomies of scale are less.
C) the firm should reduce its plant size even more.
D) the firm is now profitable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q93: Table 11-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 11-7

Q94: State the law of diminishing returns.How do

Q95: Jill Johnson owns a pizzeria.She currently produces

Q96: In the short run, if average product

Q97: Higher isocost lines correspond to higher<br>A)profits.<br>B)total costs

Q99: What is the difference between total cost

Q100: Implicit costs can be defined as<br>A)accounting profit

Q101: Figure 11-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-12

Q102: Marginal cost is calculated for a particular

Q103: Figure 11-18<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-18

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines