Multiple Choice
When a firm's marginal productivity of an input eventually declines as the quantity of input increases,then the production is experiencing
A) Diminishing returns to scale
B) Diminishing marginal product
C) Increasing returns to scale
D) Increasing marginal product
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A food company trying to increase its
Q14: Average costs curves later rise<br>A)Due to declining
Q16: It costs a firm $80 per unit
Q17: All of these factors create economies of
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
Q23: Microsoft found that instead of producing a
Q24: Decreasing returns to scale and diminishing returns
Q48: A firm experiencing constant economies of scale