The law of increasing costs is explained by each of the following except __________. a) the law
Question:
The law of increasing costs is explained by each of the following except __________.
a) the law of diminishing returns
b) diseconomies of scale
c) factor suitability
d) overspecialization
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The correct answer is c factor suitability Explanation a The law of diminishing retur...View the full answer
Answered By
Pharashram rai
i am highly creative, resourceful and dedicated freelancer an excellent record of successful classroom presentations and writing . I have more than 4 years experience in tutoring students especially by using my note making strategies and engineering field . Especially adept at teaching methods of maths and writing , and flexible teaching style with the willingness to work beyond the call of duty. Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with .
4.80+
65+ Reviews
270+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Graph the following sets of production possibilities and explain why the law of increasing costs is violated. BUSHELS OF ORANGES BUSHELS OF GRAPEFRUIT 200 150 100 50 SET 19 40 80 130
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
The PPF is a framework used to examine production. 1. Explain what a production possibilities frontier represents. 2. Analyze what it means for the PPF to be bowed out from the origin (curved), and...
-
Which of the following statements is FALSE about illusory correlations: An illusory correlation refers to the tendency to perceive two things as being related when they are not, or being more...
-
What is the current value of a10 year bond with a coupon rate of 8% (annual) with semi-annual payments if the current market interest rate is 7.9% (annual)?
-
Reconsider Example 6.19 where we used nonlinear least squares to estimate the model \(y_{i}=\beta x_{i 1}+\) \(\beta^{2} x_{i 2}+e_{i}\) by minimizing the sum of squares function...
-
A political pollster approaches people on the street and asks them to describe their political affiliation. Twenty-eight people describe themselves as Democrats, 25 as Republicans, 8 people provide a...
-
The small archerfish (length 20 to 25 cm) lives in brackish waters of Southeast Asia from India to the Philippines. This aptly named creature captures its prey by shooting a stream of water drops at...
-
A clothing retailer is interested in the average waist size of men. A sample is taken with the results given below. Column1 Mean 41.74 What is the sample statistic? Ex 1.230 Standard Error 1.406...
-
As a firm grows larger, ________-. a) economies of scale set in, then diseconomies of scale b) diseconomies of scale set in, then economies of scale c) economies of scale and diseconomies of scale...
-
As we produce increasing amounts of a particular good, the resources used in its production ________. a) become more suitable b) become less suitable c) continue to have the same suitability
-
The reaction between Ca(OH) 2 and H 2 12.9 in aqueous solution leads to the formation of the complex [Ca(OH 2 ) 2 (12.9)]. This crystallizes as a centrosymmetric dimer in which each Ca 2+ centre is...
-
How many board members did Ramalinga Raju implicate in the fraud?
-
What were the losses at HealthSouth associated with the fraud?
-
For income to be taxable, Should it be derived from legitimate sources, illegal sources, or both?
-
In Al Capones time, why would judges and law enforcement and other responsible parties ignore and condone his activities? Do persons in authority act similarly in todays society (examples)?
-
Which of the following is a typical benchmark for calculating lost profits? 1. A. Industry averages 2. B. Comparison of company performance to performance of the offending party 3. C. Comparison of...
-
The JHP Company purchased a building, some office equipment, two cranes, and some land on January 1, 2011, for a total of $1 million cash. JHP has obtained the following appraisals of these assets:...
-
The Alert Company is a closely held investment-services group that has been very successful over the past five years, consistently providing most members of the top management group with 50% bonuses....
-
Who demands Japanese yen? Who supplies yen?
-
Foreigners are buying up hundreds of billions of dollars in American assets. In what ways should this be a matter of concern to Americans?
-
Anne Hilbert has been hired by a Washington think tank to predict the trend over the next decade in the weighted average exchange value of the U.S. dollar. Its record from 1994 through early 2013 is...
-
You will work with the production function: FpK, Lq" AKL 1. Let K be capital, L labor, w is the wage (the price of one unit of labor), and r is the rental rate (the price of one unit of capital. What...
-
Determine The Better Of The Two Alternatives Using The Present Worth Analysis. Use An Interest Rate Of 7%. 1. Initial Cost Annual Benefit Salvage Value Life In Years MARR It. X 12,500 6,800 55,000...
-
Suppose you buy a new electric motorcycle for $14,550 and agree to pay for it in 36 equal monthly payments at 4.5% interest per month on the unpaid balance. a) How much are your payments? A company...
Study smarter with the SolutionInn App