This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements explains the difference between diminishing returns and ... (Read 30 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Jun 29, 2018
Which of the following statements explains the difference between diminishing returns and diseconomies of scale?
 
  A) Diminishing returns apply only to the short run; diseconomies of scale apply only in the long run.
  B) Diminishing returns cause a firm's marginal cost curve to rise; diseconomies of scale cause a firm's marginal cost curve to fall.
  C) Diminishing returns are the result of changes in explicit costs. Diseconomies of scale are the result of changes in explicit costs and implicit costs.
  D) Diminishing returns refer to production while diseconomies of scale refer to costs.

Question 2

Refer to Figure 10-5. Suppose the price of pizza increases while the price of hamburger remains constant. Then, the consumer's
 
  A) indifference curve becomes straighter.
  B) budget constraint moves outward away from the origin on the pizza axis while the hamburger intercept remains the same.
  C) indifference curve becomes more concave away from the origin.
  D) budget constraint moves inward toward the origin on the pizza axis while the hamburger intercept remains the same.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


berenicecastro

  • Member
  • Posts: 581
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Flower part number is a characteristic difference between monocots and eudicots Flower part number is a characteristic difference between monocots and eudicots
The difference between mieosis and mitoses The difference between mieosis and mitoses
Difference between chromosomes, chromatids, and chromatins Difference between chromosomes, chromatids, and chromatins
Difference between Functional and Cross-Functional team Difference between Functional and Cross-Functional team
How to Factor a Sum or Difference of Two Cubes How to Factor a Sum or Difference of Two Cubes
The threshold model explains the discontinuous distribution of some multifactorial traits. In this m The threshold model explains the discontinuous distribution of some multifactorial traits. In this m
Video: Glycolysis Animation

For a complete list of videos, visit our video library