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lizsmith lizsmith
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5 years ago

Question 1.

Which of the following is NOT a reason a firm might experience economies of scale?

• increasing long-run average costs

• specialization

• dimensional factors

• more productive equipment

Question 2.

Which of the following physical relationships might generate economies of scale?

• Larger equipment tends to weigh more and use more fuel on a per-unit-of-output basis.

• Proportionally larger pipes can transport more than a proportional increase in oil.

• Each lift truck requires one lift truck driver.

• A doubling of all inputs leads to a doubling of output.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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dnlee1dnlee1
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5 years ago
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lizsmith Author
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5 years ago
Just got PERFECT on my quiz
jamesbove
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Yesterday
Helped a lot
annabananerz
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2 hours ago
Thank you, thank you, thank you!
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