Multiple Choice
As table manufacturing company produces more tables,the average total cost of each table produced increases.This is because:
A) Total fixed costs are decreasing as more tables are produced
B) There is economies of scale
C) There is diseconomies of scale
D) Total variable cost is decreasing as more clubs are produced.
Correct Answer:
Verified
Correct Answer:
Verified
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
Q23: Microsoft found that instead of producing a
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
Q30: When a firm is experiencing increasing marginal
Q31: All the factors below are causes of