41) TFC/Q + TVC/Q is the formula for a) average total cost. b) marginal cost. c)

Question

41) TFC/Q + TVC/Q is the formula for
a) average total cost.
b) marginal cost.
c) total cost
d) variable cost.

42) When a firm grows so large that it becomes difficult to manage in an efficient manner this is an example of
a) economies of scale.
b) constant returns to scale.
c) diseconomies of scale.
d) increasing returns to scale.

43) Which of the following helps generate economies of scale as firms grow larger?
a) a growing rift between management and workers.
b) the inability of large firms to efficiently use their natural resources.
c) larger firms are able to purchase and implement more advanced equipment.
d) the labor force becomes too large to efficiently manage.

44) The firm's long-run average total cost curve is derived from
a) the short-run marginal cost curves of the firm.
b) the summation of the firm's average variable and average fixed cost curves.
c) the firm's short-run average cost curves for different plant sizes.
d) a combination of the firm's short-run average variable cost and average total cost curves.
45) Long-run diseconomies of scale exist when the
a) short-run average total cost curve falls.
b) long-run marginal cost curve rises
c) long-run average total cost curve falls.
d) long-run average cost curve rises.

Explanation / Answer

the answer will be OPTION A B A C D

Related Questions

Navigate

• Browse (All)
• Browse 4
• Subjects

---

---

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