All the factors below are causes of diminishing marginal returns,except
A) Difficulty of monitoring and motivating larger workforces
B) Increasing complexity of larger systems
C) Division of Labor
D) The "fixity' of some factor
Correct Answer:
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Q3: All of these factors create economies of
Q4: All these curves are U-shaped except
A)Average fixed
Q5: As long as marginal cost is decreasing,marginal
Q6: The average total cost curve
A)is downward sloping
Q7: As table manufacturing company produces more tables,the
Q9: When a firm is experiencing decreasing marginal
Q10: The term "bottleneck" refers to
A)when increasing variable
Q11: In any production process the marginal product
Q12: The marginal cost curve:
A)Declines initially as output
Q50: A food company trying to increase its
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