Multiple Choice
All the factors below are causes of diminishing marginal returns,except
A) Difficulty of monitoring and motivating larger workforces
B) Increasing complexity of larger systems
C) Division of Labor
D) The "fixity' of some factor
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
Q29: As table manufacturing company produces more tables,the
Q30: When a firm is experiencing increasing marginal