If a firm increases its inputs by 80% and its output increases by 60%, then this would be an example of
A) economies of scale.
B) increasing marginal returns.
C) diseconomies of scope.
D) diseconomies of scale.
Correct Answer:
Verified
Q191: (Figure: Determining Long-Run Costs) Given the information
Q192: (Figure: Interpreting the LRATC) Which region(s) in
Q193: (Figure: Interpreting the LRATC) In which region(s)
Q194: Economies of scale
A) only occur in the
Q195: A firm experiences _ over the range
Q197: It can be cost-effective to pursue economies
Q198: Specialization of labor and management typically supports
A)
Q199: Which of these would create diseconomies of
Q200: Which statement is FALSE?
A) All costs are
Q201: In the long run
A) TC = VC.
B)
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