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Author Question: Which of the following reflects diseconomies of scale? a. Marginal product decreases as output ... (Read 47 times)

segrsyd

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on: Jun 30, 2018
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


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brittanywood

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

E

Answer to Question 2

D


segrsyd

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Reply 2 on: Jun 30, 2018
Wow, this really help

chjcharjto14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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