Author Question: A car leasing company that expands its size by buying its competitors may run the risk of increasing ... (Read 88 times)

kwoodring

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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

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Answer to Question 1

a

Answer to Question 2

d



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