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taupetoad86Lv1
5 May 2021
- Which of the following statements is not correct? *
A) The real cost of producing X is the quantity of products, R, S, or T etc., which could have been produced with the resources devoted to X.
B) Diseconomies of scale arise primarily from the difficulties in managing and coordinating a large-scale business enterprise.
C) The law of diminishing returns explains the fact that the long-run average total cost curve is U-shaped.
D) Average fixed costs diminish so long as output increases.
- Which of the following statements is not correct? *
A) The real cost of producing X is the quantity of products, R, S, or T etc., which could have been produced with the resources devoted to X.
B) Diseconomies of scale arise primarily from the difficulties in managing and coordinating a large-scale business enterprise.
C) The law of diminishing returns explains the fact that the long-run average total cost curve is U-shaped.
D) Average fixed costs diminish so long as output increases.
11 May 2021
Related textbook solutions
Related questions
The negatively-sloped part of the long-run average total cost curve is due to which of the following?
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The difficulties encountered in coordinating the many activities of a large firm. |
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The increase in productivity that results from specialization. |
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Diseconomies of scale. |
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Diminishing returns. |
