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Author Question: A car leasing company that expands its size by buying its competitors may run the risk of increasing ... (Read 84 times)

kwoodring

  • Hero Member
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  • Posts: 560
on: Jun 30, 2018
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
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  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


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