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2 months 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.
Source  Download
Economics Today: The Micro View
Edition: 19th
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wrote...
Posts: 152
2 months ago
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Answer 1

increasing long-run average costs

Answer 2

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