Multiple Choice
Microsoft found that instead of producing a dvd player and a gaming system separate,it is cheaper to incorporate dvd playing capabilities in their new version of the gaming system.Microsoft is taking advantage of
A) Economies of Scale
B) Learning curve
C) Economies of Scope
D) Decreasing marginal costs
Correct Answer:
Verified
Correct Answer:
Verified
Q19: When a firm's marginal productivity of an
Q20: As long as marginal cost is decreasing,marginal
Q21: Diseconomies of scale are associated with<br>A)Inefficiencies<br>B)Cost reduction<br>C)Improvement
Q22: The term "bottleneck" refers to<br>A)when increasing variable
Q24: Decreasing returns to scale and diminishing returns
Q25: All of these are true,except<br>A)If production exhibits
Q26: Average costs curves initially fall<br>A)Due to declining
Q27: If average product is decreasing,then marginal product<br>A)Must
Q28: Once marginal cost rises above the average
Q48: A firm experiencing constant economies of scale