« previous next »

Author Question: _____ determine the efficient pattern of specialization in production. a. Total costs b. ... (Read 13 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
_____ determine the efficient pattern of specialization in production.
 a. Total costs
  b. Opportunity costs
  c. Marginal costs
  d. Sunk costs

Question 2

When a firm is experiencing economies of scale, it will:
 a. underuse a larger plant size than is indicated by short-run efficiency concerns.
  b. underuse a smaller plant than is indicated by short-run efficiency concerns.
  c. overuse a larger plant size than is indicated by short-run efficiency concerns.
  d. overuse a smaller plant size than is indicated by short-run efficiency concerns.
  e. produce at the minimum short-run and long-run average costs.


dpost18

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Energy costs of locomotion. Energy costs of locomotion.
Male Pattern Balding Male Pattern Balding
Electron Shells Determine the Reactivity of Atoms. Electron Shells Determine the Reactivity of Atoms.
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
The ability to solve problems may be highly efficient in the older adult The ability to solve problems may be highly efficient in the older adult
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Causes of Angina

For a complete list of videos, visit our video library