When a firm is experiencing decreasing marginal costs, it implies: Select one: a. There are increasing marginal
Question:
Select one:
a. There are increasing marginal productivity
b. There are diminishing marginal productivity
c. There are constant marginal productivity
d. There are increasing average costs
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Correct option A There are increasing marginal productivity Explanation C...View the full answer
Answered By
Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
119+ Reviews
214+ Question Solved
Related Book For
The Economics Of The Environment
ISBN: 9780321321664
1st Edition
Authors: Peter Berck, Gloria Helfand
Question Posted:
Students also viewed these Cost Accounting questions
-
Multiple-Choice Questions 1. Microsoft found that instead of producing a DVD player and a gaming system separately, it is cheaper to incorporate DVD playing capabilities in their new version of the...
-
A firm is experiencing a temporary period of financial distress as the result of a hurricane that has hit its local area. Because many of the firms customers have been severely hurt by the hurricane,...
-
A firm??s product sells for $2 per unit in a highly competitive market. The firm produces output using capital (which it rents at $75 per hour) and labor (which is paid a wage of $15 per hour under a...
-
Create the Control Panel interface that has the following 3 methods: public int warningLevel (); public String status (); public boolean isok (); Write 2 public static methods 1) Write a public...
-
Specific identification is sometimes said to be the ideal method of assigning cost to inventory and to cost of goods sold. Briefly indicate the arguments for and against this method of inventory...
-
Atlanta Company is preparing its manufacturing overhead budget for 2017. Relevant data consist of the following. Units to be produced (by quarters): 10,000, 12,000, 14,000, 16,000. Direct labor: time...
-
These data consist of the 503 daily returns for the calendar years 2005 and 2006 of the S\&P value-weighted index. (The data file contains additional years - this exercise uses only 2005 and 2006...
-
Laser Impression, Inc., manufactures color laser. Model J20 presently sells for $360 and loss a total product cost of $288, as follows: Direct material ........ $218 Direct labor ......... 50 Factory...
-
Assume that the fuel inlet temperature is 25C. # Question 1. Calculate the adiabatic flame temperature of Methane (CH4) gas with theoretical air of 85%, 100% and 400%, for an inlet air temperature of...
-
Admission to a state university depends partially on the applicants high school GPA. Assume that the applicants GPAs approximate a normal curve with a mean of 3.20 and a standard deviation of 0.30....
-
Which of the following statements is not true? a.Companies that have higher fixed costs relative to variable costs have higher operating leverage. b. When a company's sales revenue is increasing,...
-
Why are dividends the basis for the valuation of common stock?
-
If you played the same four-digit number every day (or any four-digit number for that matter) in the Big 4, how often (in years) would you win, assuming you have average luck?
-
What is an express warranty, and how is it created? a. Who may recover on the basis of breach of express warranty? b. What can be recovered?
-
True Or False Plaintiffs in negligence actions cannot recover if they are only users of a product but did not purchase it.
-
____________ ____________ ____________ occurs when a person misuses a litigation device.
-
True Or False Courts hold manufacturers of defective products strictly liable because they believe that manufacturers can internalize the costs of accidental losses.
-
True Or False The distinction between property damage and economic loss is not always clear.
-
Why do public utilities generally use different capital structures than drug companies?
-
Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.78 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate...
-
(Entries for Retirement and Issuance of Bonds) Robinson, Inc. had outstanding $5,000,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $7,000,000 of...
-
(Entries for Retirement and Issuance of Bonds) On June 30, 2002, Mendenhal Company issued 12% bonds with a par value of $600,000 due in 20 years. They were issued at 98 and were callable at 104 at...
-
(Entries for Retirement and Issuance of Bonds) Friedman Company had bonds outstanding with a maturity value of $500,000. On April 30, 2011, when these bonds had an unamortized discount of $10,000,...
-
How can bash shell scripting improve resource utilization and process management in Unix systems?
-
A solid sphere that is uniformly positively charged produces an electric field. Assume no other objects are around. What is the magnitude of the electric field a distance r from the center of the...
-
Why is potential difference important in x - ray production?
Study smarter with the SolutionInn App