Multiple Choice
In the long run,decreasing returns to scale are likely to be caused by
A) diseconomies of scale associated with management problems.
B) a decrease in factor prices.
C) increasing specialization of labour.
D) diminishing returns to the variable factor.
E) decreasing costs.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 8-1 -Refer
Q2: Suppose a firm is using 1500 units
Q4: The figure below shows the isocost lines
Q5: Refer to Figure 8-6.Suppose this firm is
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 8-4 -Refer
Q7: For a firm with only two inputs,capital
Q8: Consider the long-run average cost curve for
Q9: Consider a firm that uses only labour
Q10: TABLE 8-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt="TABLE 8-1
Q11: Assume a firm is using 6 units