Which of the Following Is Most Likely to Be an Increasing-Cost

question 8

Multiple Choice

Which of the following is most likely to be an increasing-cost industry?

• A)An industry whose firms experience diseconomies of scale
• B)An industry whose firms experience economies of scale
• C)An industry that is a major buyer in the markets for the inputs it uses
• D)An industry that is a very small buyer in the markets for the inputs it uses
• E)An industry that is a major seller in the markets for its outputs

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Definitions:

Implement

To put a decision, plan, agreement, etc., into effect; to carry out or execute a plan or action.

Strategies

Planned actions or policies designed to achieve a major or overall goal.

Performance Appraisal

A systematic evaluation process by which an employee's job performance is assessed, typically for the purpose of making decisions about promotions, salary adjustments, and professional development.

Nonmanagerial Subordinates

Employees who do not have managerial responsibilities and typically report to managers or supervisors.