This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements explains the difference between diminishing returns and ... (Read 28 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Jun 29, 2018
Which of the following statements explains the difference between diminishing returns and diseconomies of scale?
 
  A) Diminishing returns apply only to the short run; diseconomies of scale apply only in the long run.
  B) Diminishing returns cause a firm's marginal cost curve to rise; diseconomies of scale cause a firm's marginal cost curve to fall.
  C) Diminishing returns are the result of changes in explicit costs. Diseconomies of scale are the result of changes in explicit costs and implicit costs.
  D) Diminishing returns refer to production while diseconomies of scale refer to costs.

Question 2

Refer to Figure 10-5. Suppose the price of pizza increases while the price of hamburger remains constant. Then, the consumer's
 
  A) indifference curve becomes straighter.
  B) budget constraint moves outward away from the origin on the pizza axis while the hamburger intercept remains the same.
  C) indifference curve becomes more concave away from the origin.
  D) budget constraint moves inward toward the origin on the pizza axis while the hamburger intercept remains the same.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
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.
Answer Preview
Only 39% of students answer this correctly


berenicecastro

  • Member
  • Posts: 581
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

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

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

How the law of segregation of alleles explains Mendel's observed ratios How the law of segregation of alleles explains Mendel's observed ratios
A single-gene model explains Mendel’s ratios A single-gene model explains Mendel’s ratios
Brachial Plexus drawing plus the difference in the forearm Brachial Plexus drawing plus the difference in the forearm
Difference between chromosomes, chromatids, and chromatins Difference between chromosomes, chromatids, and chromatins
A typical open-end wrench. Note the size difference on each end and that the head is angled 15 ... A typical open-end wrench. Note the size difference on each end and that the head is angled 15 ...
Resting Membrane Potential: Voltage Difference Resting Membrane Potential: Voltage Difference
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library