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Author Question: Which of the following is an example of economies of scale? (Read 39 times)

Shelles

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on: Apr 19, 2019

Question 1

When a decrease in the scale of production leads to higher average costs, the industry exhibits


◦ diminishing returns.
◦ increasing returns to scale.
◦ decreasing returns to scale.
◦ constant returns to scale.

Question 2

Which of the following is an example of economies of scale?


◦ As the computer industry has expanded, the number of professionally trained computer programmers has also increased, which has caused the salaries of computer programmers to increase.
◦ To attract firms to locate in its state, the state government reduced the tax rate that businesses must pay on its profits, thus lowering the costs to firms who locate in the state.
◦ A firm increases in size and is therefore able to lower its health insurance costs because as the size of the group insured increases, the premium per person decreases substantially.
◦ As the demand for calculators increased, the price of calculators actually fell.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Shelles on Apr 19, 2019

Ahernandez18

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Reply #1 on: Apr 19, 2019
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.
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Shelles

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Reply #2 on: Apr 19, 2019
Thank you!


Ahernandez18

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Reply #3 on: Apr 19, 2019
Always glad to help...


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