Division of labour is an important cause of:
A) diminishing returns
B) economies of scale
C) redundancies
D) strikes
Correct Answer:
Verified
Q10: Once the profit- maximising level of output
Q11: A firm may be unable to maximise
Q12: The formula for average variable costs is:
A)
Q13: The time period when all factors are
Q14: Diminishing marginal returns are realised in the
Q16: After a merger, 'rationalisation' usually takes place.
Q17: The phrase 'sometimes profit maximisation means loss
Q18: Malthus' forecast of mass starvation as world
Q19: Average variable cost is equal to:
A) average
Q20: Public limited companies may not maximise their
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