
The example of the very big ships demonstrates that economies of scale result from specialization.
Correct Answer:
Verified
Q4: Implicit costs are costs that do not
Q15: Accountants keep track of the money that
Q16: When economists speak of a firm's costs,
Q22: The cost of producing an additional unit
Q33: The average-total-cost curve is unaffected by diminishing
Q55: Fixed costs are those costs that remain
Q79: Diseconomies of scale often arise because higher
Q135: What are opportunity costs? How do explicit
Q179: When do diseconomies of scale occur
A)when average
Q184: The production function depicts a relationship between
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents