Multiple Choice
Which of the following is true regarding economies of scale?
A) It is another term for constant returns to scale.
B) They are present only in pecuniary forms.
C) They exist in both the short run and the long run.
D) They are cost advantages that are achieved as a result of large-scale operations.
Correct Answer:
Verified
Correct Answer:
Verified
Q122: If economies of scale are present,then:<br>A)Average variable
Q123: What is true if decreasing returns to
Q124: Table 7.3 contains long-run cost data for
Q125: All of the following except one are
Q126: What are diseconomies of scale?<br>A)The situation where
Q127: What does the term minimum efficient scale
Q129: Differentiate between a short-run average cost curve
Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to Table
Q131: Technical economies of scale are closely related
Q132: State whether each of the following scenarios