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

Author Question: If a product exhibits decreasing returns to scale, then the average cost of making the product will ... (Read 164 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
If a product exhibits decreasing returns to scale, then the average cost of making the product will ______ as its production increases?
 a. Increase.
  b. Decrease.
  c. Remain the same.
  d. There is insufficient information provided to ANSWER the question.

Question 2

Many late 19th century managerial innovations were first developed by
 a. the automobile industry.
  b. the railroads.
  c. the textile industry.
  d. the iron and steel industries.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

a. Increase.

Answer to Question 2

b. the railroads.


Awilson837

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Gracias!

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Average optimal blood pressure for age Average optimal blood pressure for age
Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ... Carbon dioxide. This molecule exhibits a nonpolar bond and results in a linear and symmetrical ...
Example of a Mastery Scale Example of a Mastery Scale
Measuring the client’s height with a platform scale Measuring the client’s height with a platform scale
Increasing/decreasing Functions Increasing/decreasing Functions
Use the product rule to find derivative Use the product rule to find derivative
Video: System organization - PPM system types (Somatic, Autonomic & Enteric) and Reflex arc types

For a complete list of videos, visit our video library