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While moving from plant C to plant D the firm witnesses diseconomies of scale as the lowest point of the SRC is above the lowest point of the C cost curve.
the answer is "B".
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D Question 11 The diagram below was built to show the presumed cost structure for All...
Increasing returns to scale is characterized by: a. economies of scale; that is, the average cost...
Increasing returns to scale is characterized by: a. economies of scale; that is, the average cost falls as output rises. b. constantly declining fixed costs. c. diseconomies of scale; that is, the average cost is constant as output rises. d. diseconomies of scale; that is, the average cost falls as output rises. e. economies of scale; that is, the average cost rises as output rises.
13. As output (plant size) increases, economies of scale occur when the A) long-run average cost...
13. As output (plant size) increases, economies of scale occur when the A) long-run average cost increases. B) long-run average cost decreases. C) short-run average total cost decreases. D) long-run average cost stays constant 14. Economies of scale can occur as a result of which of the following? A) increasing marginal costs as the firm increases its size B) higher fixed cost as the firm increases its size C) management difficulties as the firm increases its size D) greater specialization...
The short run marginal cost curve in the traditional microeconomic model of production eventually rises because...
The short run marginal cost curve in the traditional microeconomic model of production eventually rises because of a. diseconomies of scale. b. diminishing marginal revenues. c. rising fixed costs. d. increasing marginal productivity of variable inputs. e. diminishing marginal returns. . If the long-run average cost of production falls as the firm increases its level of output, then the firm exhibits a. constant returns to scale. b. constant marginal costs. c. economies of scale. d. diseconomies of scale. e. diminishing...
Electric utility companies have built larger and larger electric generating stations and, as a result, the...
Electric utility companies have built larger and larger electric generating stations and, as a result, the long-run average cost of producing each kilowatt hour decreased. This is an example of A) increasing marginal returns. B) diminishing marginal returns. C) economies of scale. D) diseconomies of scale.
QUESTION 30 A downward-sloping portion of a long-run average total cost curve is the result of:...
QUESTION 30 A downward-sloping portion of a long-run average total cost curve is the result of: economies of scale. diseconomies of scale. diminishing returns. the existence of fixed resources. 2.5 points QUESTION 31 In the long run, firms in many industries often experience a falling average total cost curve as a result of: gains through trade. increasing marginal returns. economies of scale. lower fixed costs. 2.5 points QUESTION 32 A large aircraft manufacturer, like Boeing, may have a...
Table 13-15 Output (Q) 0 110 Total Cost (TC) $40 $60 S90 S130 $180 $240 22....
Table 13-15 Output (Q) 0 110 Total Cost (TC) $40 $60 S90 S130 $180 $240 22. Refer to Table 13-15. What is the total fixed cost for this firm? a. $30 b. $20 c. $40 d. $50 23. Refer to Table 13-15. What is average fixed cost when output is 40 units? a. $8.00 b. $3.32 c. $1.00 d. $5.00 24. If long-run average total cost decreases as the quantity of output increases, the firm is experiencing a. fixed costs...
QUESTION 11 At the current level of output, long-run marginal cost is $50 and long-run average cost is $75. This im...
QUESTION 11 At the current level of output, long-run marginal cost is $50 and long-run average cost is $75. This implies that: there are neither economies nor diseconomies of scale. there are economies of scale. there are diseconomies of scale. the cost-output elasticity is greater than one.
Part 1 If a firm encounters diseconomies of scale, each one percent increase in all resources...
Part 1 If a firm encounters diseconomies of scale, each one percent increase in all resources expands output by: A) precisely one percent. B) more than one percent. C) less than the increase in total costs. D) less than one percent. Part 2 If a firm confronts economies of scale, a 20 percent increase in labor: A) and all other inputs will increase output by more than 20 percent. B) with capital fixed will increase output by 20 percent. C)...
Assume a firm builds a larger plant and, at any particular output, its short-run average cost...
Assume a firm builds a larger plant and, at any particular output, its short-run average cost increases. Which of the following statements is correct? Diseconomies of scale must be present. Economies, diseconomies, and constant returns to scale are all possible. Constant returns to scale must be present Economies of scale must be present A firm's economic capacity and its most productive output level are the same. True False
all of them Question 7 (1 point) If the long-run average cost is upward sloping, the...
all of them
Question 7 (1 point) If the long-run average cost is upward sloping, the firm is experiencing decreasing returns diseconomies of scale Oincreasing costs all of the above none of the above Question 8 (1 point) A production function in economics means any function performed by an employee when producing output the various functions performed by all employees when producing output the function performed by the person in charge of the production process the relationship between inputs and...
13. As output (plant size) increases, economies of scale occur when the A) long-run average cost increases. B) long-run average cost decreases. C) short-run average total cost decreases. D) long-run average cost stays constant 14. Economies of scale can occur as a result of which of the following? A) increasing marginal costs as the firm increases its size B) higher fixed cost as the firm increases its size C) management difficulties as the firm increases its size D) greater specialization...
Table 13-15 Output (Q) 0 110 Total Cost (TC) $40 $60 S90 S130 $180 $240 22. Refer to Table 13-15. What is the total fixed cost for this firm? a. $30 b. $20 c. $40 d. $50 23. Refer to Table 13-15. What is average fixed cost when output is 40 units? a. $8.00 b. $3.32 c. $1.00 d. $5.00 24. If long-run average total cost decreases as the quantity of output increases, the firm is experiencing a. fixed costs...
QUESTION 11 At the current level of output, long-run marginal cost is $50 and long-run average cost is $75. This implies that: there are neither economies nor diseconomies of scale. there are economies of scale. there are diseconomies of scale. the cost-output elasticity is greater than one.
Assume a firm builds a larger plant and, at any particular output, its short-run average cost increases. Which of the following statements is correct? Diseconomies of scale must be present. Economies, diseconomies, and constant returns to scale are all possible. Constant returns to scale must be present Economies of scale must be present A firm's economic capacity and its most productive output level are the same. True False
all of them
Question 7 (1 point) If the long-run average cost is upward sloping, the firm is experiencing decreasing returns diseconomies of scale Oincreasing costs all of the above none of the above Question 8 (1 point) A production function in economics means any function performed by an employee when producing output the various functions performed by all employees when producing output the function performed by the person in charge of the production process the relationship between inputs and...
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