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Economics
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A production possibilities frontier that is a​ downward-sloping straight line implies:

1. no economies of scope,

2. diseconomies of scale,

3. economies of scale,

4. economies of scope.

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Sonal Bahl
Sonal BahlLv10
19 Oct 2020

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Related questions

1. The law of diminishing marginal productivity states that 

a. As you expand output, your marginal productivity eventually increases

b. As you expand output, your marginal productivity eventually declines

c. As you expand output, the total product eventually increases

2. What are economies of scale?

a. decreasing average costs as production increases

b. increasing average costs as production increases

c. increasing fixed costs as production increases

d. None of the above

3. What are economies of scope?

a. lower average costs when multiple different products are produced

b. higher average costs when multiple different products are produced

c. Constant average costs when multiple different products are produced

d. None of the above

4. It costs firm A $800 to produce five radios and it costs firm B $500 to produce five batteries. If Firm A merges with firm B, it can produce both the five radios and the five batteries for $1000. The firm has experienced

a. Economies of scale

b. Economies of scope

c. Diseconomies of scale

d. Diseconomies of scope

5. It costs firm A $800 to produce five radios and it costs firm B $500 to produce five batteries. If Firm A merges with firm B, it can produce both the five radios and the five batteries for $1500. The firm has experienced

a. Economies of scale

b. Economies of scope

c. Diseconomies of scale

d. Diseconomies of scope

The downward-sloping portion of the long run average cost curve is the result of

A. economies of scale

B. diseconomies of scale

C. diminishing returns

D. the existence of fixed resources

Use the information in Table 10.2 for Acme Information to answer question 25. Quantity (in thousands) 1 2 3 4 5 6 LRAC $100 $90 $100 $120 $150 $160 25. Acme is experiencing a. economies of scale at output of two or less and diseconomies at higher quantities. b. diseconomies of scale at output of two or less and economies of scale at higher quantities. c. diseconomies of scale at all levels of output. d. economies of scale at all levels of output. e diminishing marginal product.

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