Multiple Choice
Doubling the circumference of an oil pipeline more than doubles the volume of oil that can be pumped through.This strategy is chosen only by large firms because it results in _____
A) production inefficiency.
B) diminishing marginal returns.
C) diseconomies of scale.
D) constant returns to scale.
E) economies of scale.
Correct Answer:
Verified
Correct Answer:
Verified
Q175: Exhibit 7.5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 7.5
Q176: Exhibit 7.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 7.2
Q178: Exhibit 7.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 7.3
Q179: Exhibit 7.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 7.1
Q181: Harvey develops gaming apps from home instead
Q182: Table 7.5<br><br> <span class="ql-formula" data-value="\begin{array}
Q183: If variable cost at each output level
Q184: John moved his office from a building
Q187: When diminishing marginal returns set in, total
Q211: Total cost is calculated as<br>A)average fixed cost