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Author Question: Which of the following statements explains the difference between diminishing returns and ... (Read 57 times)

berenicecastro

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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.
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matt

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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.
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berenicecastro

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

fatboyy09

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Reply 3 on: Yesterday
Wow, this really help

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