Which of the Following Reflects Diseconomies of Scale

question 100

Multiple Choice

Which of the following reflects diseconomies of scale?

• A) Marginal product decreases as output increases.
• B) Short-run marginal cost increases as output increases.
• C) Long-run marginal cost increases as output increases.
• D) Short-run average cost increases as output increases.
• E) As output doubles, long-run total cost more than doubles.

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Definitions:

Nominal Damages

Nominal Damages are a small sum awarded by a court when a legal wrong has occurred, but no significant actual loss was suffered by the plaintiff.

Compensatory Damages

Payments awarded to a plaintiff to compensate for harm, loss, or injury suffered due to another's wrongful act.

Liquidated Damages

A predetermined amount of money that must be paid as compensation for failure to fulfill a contract, serving as a penalty or deterrent against breach.

Mitigate Damages

The legal requirement or effort to minimize the harm or loss suffered as a result of a breach of contract or other wrongdoing.