Homework Answers
Answer - Option B
Average total costs decrease as output rises.
The production is carried out on a very large scale and hence the AC declines with production. If they increase , it is called diseconomies of scale. Opportunity cost concept is not related with it. Hence option B will only be correct.
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Question 10 2 pts Economies of scale exist when: opportunity costs go to zero the average...
Economies of scale refers to when: In the long run when average total cost does not...
Economies of scale refers to when:
In the long run when average total cost does not depend on the
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Commodities:
We assume that in the long run in a perfectly competitive
market:
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Economies of scale occur when: Select one: a. the long-run average cost rises as output increases. b. the marginal cost falls as output increases. c. average fixed costs are constant. d. the long-run average cost falls as output increases
13. As output (plant size) increases, economies of scale occur when the A) long-run average cost...
13. As output (plant size) increases, economies of scale occur when the A) long-run average cost increases. B) long-run average cost decreases. C) short-run average total cost decreases. D) long-run average cost stays constant 14. Economies of scale can occur as a result of which of the following? A) increasing marginal costs as the firm increases its size B) higher fixed cost as the firm increases its size C) management difficulties as the firm increases its size D) greater specialization...
Increasing returns to scale is characterized by: a. economies of scale; that is, the average cost...
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Increasing returns to scale is characterized by: a. economies of scale; that is, the average cost...
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Since economies of scale exist, why do long-run marginal costs increase, ultimately, as output increases? (in about 600-...
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Question 5 1 pts Diseconomies of scale occur when a firm's marginal costs are constant as...
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Which statements are true regarding economies of scale.
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Economies of scale refers to when:
In the long run when average total cost does not depend on the
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Commodities:
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