Multiple Choice
If General Electric finds that doubling both its plant size and the amount of associated inputs does not double its output level,then _____
A) the law of diminishing returns is in effect.
B) long-run average costs must be decreasing.
C) the firm is experiencing diseconomies of scale.
D) the firm should increase production.
E) the firm is experiencing constant returns to scale.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: The difference between a firm's total revenue
Q68: If a firm is experiencing diminishing marginal
Q69: The length of time that represents the
Q79: The law of diminishing marginal returns states
Q101: If marginal cost is less than average
Q102: Cash payments for steel to be used
Q103: Which of the following is true of
Q109: Criola Motors Company,a major player in the
Q114: Suppose Joan uses her savings to purchase
Q170: Accounting profit is<br>A)always less than economic profit<br>B)never