Diseconomies of scale refers to when in the long run:
A) an increase in the quantity of output decreases average total cost.
B) an increase in the quantity of output increases average total cost.
C) average total cost does not depend on the quantity of output.
D) None of these is true.
Correct Answer:
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Q117: Suppose that an accounting firm with 10
Q118: Total costs:
A) are fixed costs plus variable
Q119: A soda factory employs seven workers and
Q120: Average product curve tells us:
A) the level
Q122: The short run:
A) is typically defined by
Q123: Marginal cost:
A) is calculated as change in
Q124: In the long run,when an increase in
Q125: If the marginal cost of hiring another
Q126: Economies of scale refers to when:
A) an
Q129: Average variable costs:
A)decrease when marginal product rises
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