17. "Scale economy" is, when in the long term: а. Production increases faster than before. The average total cost is low. Total costs fall. d. Variable costs b. С.
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- Economies to scale refer to Select one: a. the point at which marginal cost equals average cost. b. the fact that in the long run, fixed costs remain constant as output increases. c. the range of output over which the long-run average cost falls as output increases. d. a feature of short-run production functions but not long-run production functions.When the output level is 100 units, what is the total cost of production. A. $2000 B. $20 C. $1000 D.Economies of scale occurred when the is А. short run average cost curve; decreasing long run average cost curve; decreasing C. long run average cost curve; increasing short run average cost curve; increasing B. D.
- Explain every point with graph. 1. Economic and business cost . 2. Short run production analysis / law of variable proportion. 3. Short run cost analysis.It costs a firm $200 per unit to produce product A and $350 per unit to produce product B individually. If the firm can produce both products together at $500 per unit of product A and B, this exhibits signs of A. diseconomies of scale. B. diseconomies of scope. C. economies of scale. D. economies of scope. O Reset SelectionI need help with econ multiple hw questions asap! 40) What happens when a business is operating a factory in the short run? A. The business cannot alter variable costs. B. Average fixed cost rises as output increases. C. Total cost and variable cost are usually the same. D. The business cannot adjust the quantity of fixed inputs. 39) What is tax revenue? A. the amount of the tax times the amount of the good sold B. the amount of the tax minus the amount of the good sold C. the amount of the tax divided by the amount of the good sold D. the amount of the tax plus the amount of the good sold
- What are diseconomies of scale? Diseconomies of scale is A. when the marginal product of labor is decreasing with output. B. when the marginal cost of production is increasingwith output. C. when a firm's long-run average costs decrease with output. D. when a firm's long-run average costs increase with output.B. the rodu g one m Average Variable Cost C. fixed costs divided by output D. total cost divided by output v Marginal Cost QUESTION 5 20 points Save Answer Match each of the following terms and descriptions Constant returns to scale when the average cost of producing each individual unit A. declines as total output increases Diseconomies of scale average cost of producing each individual item increases as В. output increases economies of scale average cost of producing each individual unit remains C. constant as output increases Long Run Average Total Cost Curve the relationship between output and costs over the life of a D. business Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit ype here to search W 63°F Ca ) ENG 8:10 PM 10/18/2021 hpWhenever a firm increases both its labor and capital by 2 percent, and as a result, output increases by more than 2 percent, then the production process is exhibiting a. increasing returns to scale. b. constant returns to scale. c. decreasing returns to scale. d. economies of scale. e. both a) and d) are correct
- 9. The cost data in the above table data show that production is characterized by A. More information is needed to answer the question. B. decreasing returns to scale. C. economies of scale D. constant returns to scale.7. Define Economies of Scale, Diseconomies of Scale, Constant returns to scale.If Boeing produces 9 jets per month, its long-runtotal cost is $9 million per month. If it produces10 jets per month, its long-run total cost is$11 million per month. Boeing exhibitsa. rising marginal cost.b. falling marginal cost.c. economies of scale.d. diseconomies of scale