Author Question: Someone once said that Chevrolet is so large that if it shakes its tail, its takes two years for its ... (Read 88 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
Someone once said that Chevrolet is so large that if it shakes its tail, its takes two years for its head to notice it. This is an example of
 a. profit centers
  b. economies of scale
  c. diseconomies of scale
  d. diminishing marginal returns
  e. diminishing marginal cost

Question 2

The minimum efficient scale for a firm is the
 a. lowest rate of output at which long-run average cost is at a minimum
  b. lowest rate of output at which short-run average total cost is at a minimum
  c. lowest rate of output at which short-run average variable cost is at a minimum
  d. average of the rates of output at which long-run average cost is at a minimum
  e. average of the rates of output at which short-run average total cost is at a minimum



FergA

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

For a complete list of videos, visit our video library