Multiple Choice
Over the past twenty years, the number of small family farms has fallen significantly, and in their place there are fewer, but larger, farms owned by corporations.Which of the following best explains this trend?
A) Diseconomies of scale in farming
B) Economies of scale in farming
C) Diminishing returns to labour in farming
D) Declining productivity
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Describe the difference between technology and positive
Q39: A firm increased its production and sales
Q85: Average variable cost can be calculated using
Q193: If we have information about workers' marginal
Q227: Fill in the missing values in the
Q233: Which of the following is a characteristic
Q234: In the short run, why does a
Q235: Figure 7.14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 7.14
Q237: What is marginal cost?<br>A)Change in average cost
Q322: As output increases,<br>A)average variable cost becomes smaller