In the short run, a firm's marginal cost tends to rise as more is produced because of
a. diminishing marginal returns.
b. the implicit costs of production.
c. diseconomies of scale.
d. rising input costs.
a. diminishing marginal returns.
You might also like to view...
A sole proprietorship is
A) the least profitable type of business to set up. B) the easiest type of business to set up. C) the most difficult type of business to set up. D) the most expensive type of business to set up.
If Real GDP was $9,542 billion in year 2 and it had been $9,300 billion in year 1, what was the approximate economic growth rate during this time period?
A. 9.7 percent B. 2.4 percent C. 3.5 percent D. 2.6 percent
Which of the following is the best example of an item that a "real world" savings account is designed to cover?
What will be an ideal response?
(Consider This) In 2010, the Medicare and Medicaid programs reimbursed approximately what percentage of hospitals' total cost of providing care to the patients covered by those programs?
A. 80 percent. B. 92 percent. C. 100 percent. D. 105 percent.