A Firm Is Considering Changing Its Plant Size

question 152

Multiple Choice

A firm is considering changing its plant size.It calculates the amount of output it would be able to produce and the total cost for various plant sizes,as shown in the accompanying table.If the firm is currently using plant size C,the firm is experiencing which of the following?

• A) economies of scale
• B) diseconomies of scale
• C) constant returns to scale
• D) diminishing marginal product
• E) increasing marginal product

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Definitions:

Search-incident-to-arrest Doctrine

A legal principle that allows law enforcement to conduct a warrantless search of an arrestee and the area within their immediate control.

Riley v. California

A landmark Supreme Court case that held that police must obtain a warrant to search a cell phone seized during an arrest, establishing digital data's privacy.

Smart Phone

A mobile phone offering advanced features beyond calling and messaging, including internet access, apps, and touch-screen interfaces.

Mens Rea

The legal principle referring to the mental state of knowledge, intent, or recklessness that constitutes part of a crime.