XPremier Membership U b uiz 9-Prod instructure.com/courses/1138695/quizzes191385

Question

XPremier Membership U b uiz 9-Prod instructure.com/courses/1138695/quizzes1913851/take Advisor if a firm's use of labor c b if a fim's use of labor c D l Question 2 0.83 pts As a firm attempts to increase its production, its LONG-RUN average costs eventually rise because of O insufficient demand O fixed capital 0 the law of diminishing returns O diseconomies of scale DQuestion 3 0.83 pts The primary cause it diseconomies of scale is probably scarcity of machincry and other capitat communication and managcmeot oroblemswithin vors es tim

Explanation / Answer

Q2. Answer is The law of diminishing returns. Explanation: The law of diminshing returns states that when the factors of production increases to increase the production, the marginal productivity of factor of production goes on diminishes. This resulted in average cost of product to rise as the lesser output is achieved for same cost of factor of production.

Related Questions

Navigate

• Browse (All)
• Browse X
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.