This topic contains a solution. Click here to go to the answer

Author Question: As output increases, diseconomies of scale a. lead to rising long-run average costs b. lead to ... (Read 96 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
As output increases, diseconomies of scale
 a. lead to rising long-run average costs
  b. lead to declining long-run average costs
  c. lead to rising short-run average total costs
  d. lead to declining short-run total cost
  e. means the law of diminishing marginal returns is affecting production

Question 2

If General Electric finds that when it doubles both its plant size and the amount of associated inputs, its output level does not double, then
 a. the law of diminishing returns is in effect
  b. long-run average costs must be decreasing
  c. the firm is experiencing diseconomies of scale
  d. the firm should increase production
  e. the firm is experiencing constant returns to scale



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dmurph1496

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

A

Answer to Question 2

C




BRWH

  • Member
  • Posts: 553
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

For a complete list of videos, visit our video library