Author Question: A car leasing company that expands its size by buying its competitors may run the risk of increasing ... (Read 29 times)

kwoodring

  • Hero Member
  • *****
  • Posts: 560
A car leasing company that expands its size by buying its competitors may run the risk of increasing production cost per unit due to:
 a. diseconomies of scale.
  b. economies of scale.
  c. diminishing returns.
  d. greater use of large-volume purchases.

Question 2

When a firm hires an additional unit of labor, the increase in a firm's total revenues is known as the marginal:
 a. cost.
  b. product.
  c. utility product.
  d. revenue product.



aliotak

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

a

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

For a complete list of videos, visit our video library