Multiple Choice
A university that benefits from lower costs per enrolled student as it builds more buildings and enrolls more students is an example of a service provider with:
A) economies of scale.
B) diseconomies of scale.
C) increasing opportunity costs.
D) scale reduction.
Correct Answer:
Verified
Correct Answer:
Verified
Q213: Use the following to answer question: <img
Q214: In the long run,when a firm adds
Q215: Use the following to answer question: <img
Q216: If Marie Marionettes is operating under conditions
Q217: The average total cost of producing cell
Q219: When a caterer produces 30 catered meals,its
Q220: Use the following to answer question: <img
Q221: As a firm increases production in the
Q222: When marginal cost is rising:<br>A)average variable cost
Q223: Diminishing returns are one explanation for diseconomies