Economies of Scale problem

Can someone please help me in finding out the accurate answer from the following question. When average production costs reduce as the total production of a firm rises, the firm is experiencing: (i) Economies of the scale. (ii) Economies of scope. (iii) Diseconomies of the scope. (iv) Diseconomies of scale. (v) Diseconomies of structure.

View Complete Question

Related Questions in Microeconomics

Q : Upward-sloping in Law of Supply The law

The law of supply is graphically exhibited by the supply curve which is: (1) Moving all along the demand curve. (2) Vertical. (3) Upward-sloping. (4) Downward-sloping. Can someone please help me in finding out the

Q : Affects of costs and revenues in

When the relative positions of all affects on costs and revenues are the same for all the several firms in this industry, in that case this firm is most likely operating in a: (w) differentiated oligopoly market in the short run. (x) monopolistically

Q : Unitary price elasticity of demand curve

HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. So the demand curve facing HoloIMAGine has unitary price elasticity at: (i) output q1. (ii) output q3. (iii) output q4

Q : Law of Diminishing Marginal Utility

The law of diminishing marginal utility might be evidenced by the person: (i) Smoking more however enjoying it less. (ii) Purchasing a new car subsequent to getting an increase. (iii) Distributing excess food to starving children. (iv) Who studies muc

Q : Problem on least likely Inferior Goods

Chris ate Ramen Noodles or pinto beans for each and every meal whereas an impoverished college student. Chris graduated and landed a job beginning at a yearly salary of $50,000. Chris’s demands for the Ramen Noodles and pinto beans were most lik

Q : Farm maximizes profit of producing at

When the wholesale price P = $3 per dozen increased, this purely competitive increased farm maximizes profit with producing ___ dozen increased at a total (loss or profit) of $___. (i) zero; loss; $2000. (ii) 2000; loss; $1500. (iii)

Q : Dependency of prices due to transaction

Economists frequently refer to “the price” as while each good has only one price. Conversely, prices frequently vary greatly, depending upon where you are, due to: (w) advertising. (x) transaction costs. (y) marketing overhead. (z) poor co

Q : Social welfare function what do you

what do you mean by a social welfare function? if you assume that such a function exists, what properties of social optima would be considered by you? discuss such properties.

Q : Labor union and an unregulated public

I have a problem in economics on Labor union and an unregulated public utility. Please help me in the following question. While comparing an influential labor union and an unregulated public utility firm like cable TV, both might: (1) Be considered as the monopolists.

Q : Determine elasticity of supply when

When a $5 price hike raises the number of tanks of dehydrated water supplied into this market from point a to point b, there elasticity of supply is: (w) 4.5. (x) 3.0. (y) 1.5. (z) 0.5.

Discover Q & A

Leading Solution Library

Avail More Than 1436725 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925498
Asked

3,689

Active Tutors

1436725

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment