Microeconomics

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The marginal cost curve: a. Usually declines initially as output increases and then rises with ... Started by Chelseaamend	3 Replies 25 Views	Jul 1, 2018 by Missbam101
Average costs a. fall at all levels of output b. are falling when marginal costs are below average ... Started by vHAUNG6011	1 Replies 51 Views	Jul 1, 2018 by fraziera112
What are economies of scale? a. decreasing average costs as production increases b. increasing ... Started by Kthamas	1 Replies 44 Views	Jul 1, 2018 by joanwhite
All of these could be sources of economies of scale except a. Investment in more efficient ... Started by clippers!	1 Replies 29 Views	Jul 1, 2018 by CharlieArnold
A firm could experience diseconomies of scale if a. One of its inputs is fixed b. Marginal costs ... Started by imowrer	1 Replies 45 Views	Jul 1, 2018 by yuyiding
Diseconomies of scale are also known as a. Increasing returns to scale b. Decreasing returns to ... Started by madam-professor	1 Replies 56 Views	Jul 1, 2018 by ricroger
You would expect that your firm is experiencing a constant returns to scale if a. Long run average ... Started by lracut11	1 Replies 53 Views	Jul 1, 2018 by raili21
You would expect that your firm is experiencing increasing returns to scale if a. Long run average ... Started by vHAUNG6011	1 Replies 33 Views	Jul 1, 2018 by polinasid
You would expect that your firm is experiencing decreasing returns to scale if a. Long run average ... Started by cherise1989	3 Replies 72 Views	Jul 1, 2018 by Smiles0805
If your long-run costs exhibit increasing returns to scale, securing big orders leads you to a. ... Started by Garrulous	1 Replies 80 Views	Jul 1, 2018 by hollysheppard095
A firm experiencing constant economies of scale will have a long-run average cost curve that is: a. ... Started by @Brianna17	1 Replies 79 Views	Jul 1, 2018 by JCABRERA33
As a table manufacturing company produces more tables, the average total cost of each table produced ... Started by mikaylakyoung	1 Replies 138 Views	Jul 1, 2018 by tsternbergh47
The ability to lower the average costs of production as the quantity produced increases is called ... Started by ssal	1 Replies 25 Views	Jul 1, 2018 by Beatricemm
Learning curves mean a. you learn from experience b. current production decreases future unit costs ... Started by lidoalex	1 Replies 57 Views	Jul 1, 2018 by succesfull
Eddys' Electronics found that instead of producing a dvd player and a gaming system separately, it ... Started by tuffie	1 Replies 29 Views	Jul 1, 2018 by bpool94
What is a synergy or cost complementarity? a. the cost of producing different products offered by ... Started by Lisaclaire	1 Replies 84 Views	Jul 1, 2018 by mmj22343
What are economies of scope? a. lower average costs when multiple different products are produced ... Started by ARLKQ	3 Replies 47 Views	Jul 1, 2018 by soda0602
What are economies of scope? a. the cost of producing two products jointly by one firm is more than ... Started by pane00	1 Replies 68 Views	Jul 1, 2018 by joshbk44
Farmers rotate their crops between corn and soybean to increase crop yields. This behavior exhibits ... Started by bobthebuilder	1 Replies 84 Views	Jul 1, 2018 by macagn
After sugar refiner has produced fine sugar for baking purposes, what is left over is used to ... Started by neverstopbelieb	1 Replies 25 Views	Jul 1, 2018 by kingfahad97
A firewood supplier has a very seasonal demand for its product. Its transport trucks lay idle during ... Started by Sportsfan2111	1 Replies 72 Views	Jul 1, 2018 by Expo
An airlines realizes that instead of offering free checked in baggage, they could put a charge on ... Started by Chloeellawright	1 Replies 18 Views	Jul 1, 2018 by nital
The ability to lower the average costs over total production as more products are introduced a. ... Started by Sufayan.ah	1 Replies 36 Views	Jul 1, 2018 by katheyjon
A food company trying to increase its profits by expanding in to the soft drinks business is an ... Started by NClaborn	1 Replies 41 Views	Jul 1, 2018 by trog
What are diseconomies of scope? a. the cost of producing two products jointly by one firm is more ... Started by arivle123	3 Replies 38 Views	Jul 1, 2018 by ebe