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Author Question: Fiona can iron 5 shirts or cook 2 meals in an hour. Alicia can iron 6 shirts or cook 1 meal in an ... (Read 91 times)

jparksx

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on: Jun 30, 2018
Fiona can iron 5 shirts or cook 2 meals in an hour. Alicia can iron 6 shirts or cook 1 meal in an hour. Which of the following statements is true?
 a. Fiona's marginal cost of ironing a shirt is greater than Alicia's.
  b. Alicia's marginal cost of ironing a shirt is greater than Fiona's.
  c. Alicia's marginal cost of cooking a meal is twice that of Fiona's.
  d. Fiona's marginal cost of cooking a meal is twice that of Alicia's.

Question 2

Which of the following may lead to diseconomies of scale?
 a. Specialization on the basis of comparative advantage
  b. Lack of coordination among the division heads
  c. Using larger and more efficient machineries
  d. Division of labor on the basis of capability
  e. Specialization of marketing, pricing, and research


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mmj22343

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

b


jparksx

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Reply 2 on: Jun 30, 2018
Excellent

Dnite

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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