Multiple Choice
It costs a firm $80 per unit to produce product A and $50 per unit to produce B individually.If the firm can produce both products together at $140 per unit of product A and B,this exhibits signs of
A) Economies of scale
B) Economies of Scope
C) Diseconomies of Scale
D) Diseconomies of Scope
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The marginal product curve is a mirror
Q3: When a firm is experiencing decreasing marginal
Q4: The average total cost curve<br>A)is downward sloping
Q5: The ability to lower the average costs
Q6: All these curves are U-shaped except<br>A)Average fixed
Q7: Which of the following statements describes the
Q8: The ability to lower the average costs
Q9: Diminishing marginal returns occur because<br>A)All inputs are
Q11: In any production process the marginal product
Q45: When there are economies of scale,<br>A)per-unit costs