gerial Economics Assignments Quizzes Grades More Tools Help ) Quiz Unit 4 Quiz ?

Question

gerial Economics Assignments Quizzes Grades More Tools Help ) Quiz Unit 4 Quiz ? ime Taken:2:36:52 Carla Wilson: Attempt 1 The president of Toyota's Georgetown plant was quoted as saying. "Demand for high volumes saps your energy. Over a period of time, it eroded our focus [and] thinned out the expertise and knowledge we painstakingly built up over the years." This quote suggests that Toyota was experiencing an excess demand for its automobiles which it had difficuity keeping up with. as Toyota expanded its capacity, it experienced diseconomies of scale. Toyota was focused on "churning" out cars that it did not invest sufficiently in training its workers. high demand for Toyota's cars prevented the company from focusing on its strength: auto design F9 F7

Explanation / Answer

As Toyota expanded its capacity, it experienced diseconomies of scale.

As Toyota expanded its capacity to meet excess demand average cost rises as it lost its expertise. This reflects diseconomies of scale.

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