Homework Answers
Option B.
- The diseconomies of scale refers to the economic concept in which the firms suffer losses when their level of production increases rather than incurring profits.
- When the firms Increase their production or their output expands then the per unit cost of production of goods and services increases which causes them to incur losses.
- Hence diseconomies of scale exist when the firm's total cost increases as the level of output increases.
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8. Diseconomies of scale exist when A) the firm's total cost falls as the...
Choose a,b,c,d 8. Diseconomies of scale exist when A) the firm's total cost falls as the...
Choose a,b,c,d
8. Diseconomies of scale exist when A) the firm's total cost falls as the level of output increases. B) the firm's total cost increases as the level of output increases. C) the firm's average cost decreases as the level of output decreases. D) the firm'sqverage cost decreases as the level of output increases. i . on were a is outnut and all fixed costs
Choose the correct statement 0 AfoA firm's minimum efficient scale increases when the number of people...
Choose the correct statement 0 AfoA firm's minimum efficient scale increases when the number of people employed increases. O B. A firm's minimum efficient scale is the smallest quantity of output at which long-run average cost reaches its lowest level. C. D. At outputs greater than the minimum efficient scale, a firm experiences economies of scale. At outputs less than the minimum efficient scale, a firm experiences diseconomies of scale.
(Click to select) economies of scale a. Long-run average total cost falls as the firm realize: rises when the firm...
(Click to select) economies of scale a. Long-run average total cost falls as the firm realize: rises when the firm experiences [ (Click to select) diseconomies of scale diminishing marginal returns increasing marginal returns b. The minimum efficient scale is the level of output produced by the smallest firm in the industry. smallest level of output at which a firm can produce. only level of output where long-run average total costs are minimized. smallest level of output needed to attain...
Question 5 1 pts Diseconomies of scale occur when a firm's marginal costs are constant as...
Question 5 1 pts Diseconomies of scale occur when a firm's marginal costs are constant as output increases. long-run average total costs are decreasing as output increases. long-run average total costs are increasing as output increases. O marginal costs are equal to average total costs for all levels of output. Question 6 1 pts
which statement is correcs? 6 The total product of a firn is as follows Total Produa...
which statement is correcs? 6 The total product of a firn is as follows Total Produa A) Mn is increasing in phase L C) APh is increasing in phase III. B) MPh is increasing in phase II D) MP, is maximized in the edge of phase II and I11. a particular production process that capital and labor are perfect l. If the 7. Suppose in substitutes so that three units of labor are equivalent to one unit of capita price...
When marginal cost of production falls below the average total cost of production, we know that:...
When marginal cost of production falls below the average total cost of production, we know that: A. marginal cost is negative B. average total cost is decreasing C. the firm has diseconomies of scale D. average total cost is increasing
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.
Economies of scale refers to when: In the long run when average total cost does not...
Economies of scale refers to when:
In the long run when average total cost does not depend on the
quantity of output, this is called:
Commodities:
We assume that in the long run in a perfectly competitive
market:
Multiple Choice an increase in the quantity of output increases average total cost in the long run. None are correct. average total cost does not depend on the quantity of output in the long run. an increase in the quantity of output...
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...
6. The total product of a firm is as follows, which statement is corvect A) MP,...
6. The total product of a firm is as follows, which statement is corvect A) MP, is increasing in phase 1 B) MP is increasing in phase II. is increasing in phs D) MP, is masimized in the edge of phase ll and Im. 7. Suppose in a particular production process that capital and labor are perfect If the substitutes so that three units of labor are equivalent to one unit of capital. price of capital is sa per unit...
Choose a,b,c,d
8. Diseconomies of scale exist when A) the firm's total cost falls as the level of output increases. B) the firm's total cost increases as the level of output increases. C) the firm's average cost decreases as the level of output decreases. D) the firm'sqverage cost decreases as the level of output increases. i . on were a is outnut and all fixed costs
Choose the correct statement 0 AfoA firm's minimum efficient scale increases when the number of people employed increases. O B. A firm's minimum efficient scale is the smallest quantity of output at which long-run average cost reaches its lowest level. C. D. At outputs greater than the minimum efficient scale, a firm experiences economies of scale. At outputs less than the minimum efficient scale, a firm experiences diseconomies of scale.
(Click to select) economies of scale a. Long-run average total cost falls as the firm realize: rises when the firm experiences [ (Click to select) diseconomies of scale diminishing marginal returns increasing marginal returns b. The minimum efficient scale is the level of output produced by the smallest firm in the industry. smallest level of output at which a firm can produce. only level of output where long-run average total costs are minimized. smallest level of output needed to attain...
Question 5 1 pts Diseconomies of scale occur when a firm's marginal costs are constant as output increases. long-run average total costs are decreasing as output increases. long-run average total costs are increasing as output increases. O marginal costs are equal to average total costs for all levels of output. Question 6 1 pts
which statement is correcs? 6 The total product of a firn is as follows Total Produa A) Mn is increasing in phase L C) APh is increasing in phase III. B) MPh is increasing in phase II D) MP, is maximized in the edge of phase II and I11. a particular production process that capital and labor are perfect l. If the 7. Suppose in substitutes so that three units of labor are equivalent to one unit of capita price...
Economies of scale refers to when:
In the long run when average total cost does not depend on the
quantity of output, this is called:
Commodities:
We assume that in the long run in a perfectly competitive
market:
Multiple Choice an increase in the quantity of output increases average total cost in the long run. None are correct. average total cost does not depend on the quantity of output in the long run. an increase in the quantity of output...
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...
6. The total product of a firm is as follows, which statement is corvect A) MP, is increasing in phase 1 B) MP is increasing in phase II. is increasing in phs D) MP, is masimized in the edge of phase ll and Im. 7. Suppose in a particular production process that capital and labor are perfect If the substitutes so that three units of labor are equivalent to one unit of capital. price of capital is sa per unit...
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