Which of the following reflects diseconomies of scale? a. ...

[segrsyd]

Which of the following reflects diseconomies of scale?
 a. Marginal product decreases as output increases.
  b. Short-run marginal cost increases as output increases.
  c. Long-run marginal cost increases as output increases.
  d. Short-run average cost increases as output increases.
  e. As output doubles, long-run total cost more than doubles.

Question 2

In recent years, the number of farms has fallen while the average farm size has increased. What concept may explain this phenomenon?
 a. diminishing marginal returns
  b. declining productivity
  c. diseconomies of scale
  d. economies of scale
  e. good weather in midwestern states

[brittanywood]

Answer to Question 1

E

Answer to Question 2

D

[segrsyd]

Thanks for the timely response, appreciate it

[amit]

TYSM