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Author Question: If a product exhibits decreasing returns to scale, then the average cost of making the product will ... (Read 194 times)

Awilson837

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  • Posts: 509
on: Jun 30, 2018
If a product exhibits decreasing returns to scale, then the average cost of making the product will ______ as its production increases?
 a. Increase.
  b. Decrease.
  c. Remain the same.
  d. There is insufficient information provided to ANSWER the question.

Question 2

Many late 19th century managerial innovations were first developed by
 a. the automobile industry.
  b. the railroads.
  c. the textile industry.
  d. the iron and steel industries.


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jackie

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

a. Increase.

Answer to Question 2

b. the railroads.


Awilson837

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  • Posts: 509
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ttt030911

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

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