Multiple Choice
For building contractors, doubling the size of an office building does not require double the inputs because there are common walls.This is an example of
A) increasing marginal product
B) diminishing marginal returns
C) economies of scale
D) diseconomies of scale
E) constant returns to scale
Correct Answer:

Verified
Correct Answer:
Verified
Q158: Exhibit 7-14 Total Cost Curve <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg"
Q159: Economies of scale occur where<br>A)long-run average cost
Q160: Which of the following would not be
Q161: The minimum efficient scale for a firm
Q162: Exhibit 7-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 7-6
Q164: Doubling the circumference of an oil pipeline
Q165: Which of the following is a long-run
Q166: If a firm is producing at its
Q167: The graph of average fixed cost is
Q168: Exhibit 7-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 7-1