Someone once said that Chevrolet is so large that if it shakes its tail, its takes two years for its head to notice it. This is an example of
a. profit centers
b. economies of scale
c. diseconomies of scale
d. diminishing marginal returns
e. diminishing marginal cost
Question 2
The minimum efficient scale for a firm is the
a. lowest rate of output at which long-run average cost is at a minimum
b. lowest rate of output at which short-run average total cost is at a minimum
c. lowest rate of output at which short-run average variable cost is at a minimum
d. average of the rates of output at which long-run average cost is at a minimum
e. average of the rates of output at which short-run average total cost is at a minimum
Distribution of glaciers in North America (a) in the late twentieth century, and (b) 18,000 years ag
Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s
What type of errors are these: calling only large dogs a dog and calling a dog a kitty?
A cutaway of a small block Chevrolet V-8 showing the passage from the cylinder head through the ...
This battery shows a large “1000” on the front panel but this is the CA rating and not the ...