When increasing its output results in falling costs, a firm that can adjust all inputs is experiencing
A) diseconomies of scale.
B) economies of scale.
C) loss.
D) capital gains.
Answer: B
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In the above figure, which part corresponds to a destruction of part of the nation's capital stock?
A) Figure A B) Figure B C) Figure C D) Figure D
A leftward shift of a supply curve is called a(n):
A. decrease in quantity supplied. B. increase in supply. C. decrease in supply. D. increase in quantity supplied.
Which combination of factors would most likely increase aggregate demand?
A. An increase in household indebtedness and a decrease in foreign demand for products. B. An increase in personal taxes and a decrease in government spending. C. An increase in consumer wealth and a decrease in interest rates. D. An increase in business taxes and a decrease in profit expectations.
If a goal of a nation's residents is to increase marginal productivity, they should increase
A. expenditures on education. B. the inheritance tax. C. the marginal propensity to consume. D. exports.