Which of the following is a long-run concept? A. Diminishing marginal productivity. B. Diminishing returns. C....
Which of the following is a long-run concept?
| A. |
Diminishing marginal productivity. |
|
| B. |
Diminishing returns. |
|
| C. |
Diseconomies of scale. |
|
| D. |
Fixed costs. |
Homework Answers
The correct answer is C. Diseconomies of scale.
The diseconomies of scale is a long run concept, because the diseconomies of scale refers to a situation of cost disadvantage that firm accrues in long run due to increase in output, resulting in production of goods and services at increased per unit cost.
In other words we can say that diseconomies of scale arises when average cost increases as business goes beyond a certain size in long run.
Add Answer to:
Which of the following is a long-run concept?
A.
Diminishing marginal productivity.
B.
Diminishing returns.
C....
What is the difference between "diminishing marginal returns" and "diseconomies of scale"? a. Both concepts explain...
What is the difference between "diminishing marginal returns" and "diseconomies of scale"? a. Both concepts explain why marginal cost increases after some point but diminishing marginal returns applies only in the short run when there is at least one fixed factor, while diseconomies of scale applies in the long run when all factors are variable. b. Both concepts explain why average total cost increases after some point but diminishing marginal returns applies only in the short run when there is...
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...
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 diminishing marginal revenues B diseconomies of scale C increasing marginal productivity of variable inputs. D diminishing marginal returns E. rising fixed costs rising fixed costs
Which of the following statements about the law of diminishing returns are Correct? The law of...
Which of the following statements about the law of diminishing returns are Correct? The law of diminishing returns says that a firm’s marginal cost curve will eventually slope upwardly as it produce more and more output. The existence of fixed inputs ensures that the law of diminishing returns will eventually set in as more variable inputs are added to the production. The law of diminishing returns ensures that diseconomies of scale will eventually set in as more inputs are added...
Which of the following statements about the law of diminishing returns are Correct? pick one The...
Which of the following statements about the law of diminishing returns are Correct? pick one The law of diminishing returns says that a firm’s marginal cost curve will eventually slope upwardly as it produce more and more output. The existence of fixed inputs ensures that the law of diminishing returns will eventually set in as more variable inputs are added to the production. The law of diminishing returns ensures that diseconomies of scale will eventually set in as more inputs...
1. The long-run average cost curve slopes upward if there are: A. economies of scale B....
1. The long-run average cost curve slopes upward if there are: A. economies of scale B. diseconomies of scope in the management of multiplant operates C. Some factors without diminishing marginal returns D. diseconomies of scale E. no factor without diminishing marginal returns
In the long run, if 1,000 units are produced at a cost of $8,000 and 1,200...
In the long run, if 1,000 units are produced at a cost of $8,000 and 1,200 units at a cost of $9,200, then in this output range there are Select one: a. economies of scale b. increasing marginal returns c. diminishing marginal returns d. decreasing marginal costs e. diseconomies of scale
If a firm experiences diminishing marginal productivity, does this imply that they experience diseconomies of scale?...
If a firm experiences diminishing marginal productivity, does this imply that they experience diseconomies of scale? Explain
Which of the following is NOT true about the long run average cost curve (LRAC)? Select...
Which of the following is NOT true about the long run average cost curve (LRAC)? Select one: a. the shape of the LRAC is due to economies and diseconomies of scale b. the LRAC is influenced by the short run average cost curves c. the LRAC represents the least expensive average cost curve for any level of output d. the shape of the LRAC is due to the law of diminishing marginal returns
4. If a firm experiences diminishing marginal productivity, does this imply that they experience diseconomies of...
4. If a firm experiences diminishing marginal productivity, does this imply that they experience diseconomies of scale? Explain.
4. If a firm experiences diminishing marginal productivity, does this imply that they experience diseconomies of scale? Explain.
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