Multiple Choice
All of these factors create economies of scale,except
A) Specialization and Division of Labor
B) Technological Factors
C) Increase in advertisement costs
D) Quantity discounts
Correct Answer:

Verified
Correct Answer:
Verified
Q2: A food company trying to increase its
Q13: The marginal cost curve:<br>A)Declines initially as output
Q14: Average costs curves later rise<br>A)Due to declining
Q16: It costs a firm $80 per unit
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
Q36: Marginal productivity is<br>A)The total output associated with
Q48: A firm experiencing constant economies of scale