A Firm That Has Diminishing Returns in the Management's Ability

question 170

Multiple Choice

A firm that has diminishing returns in the management's ability to use and disseminate information as it increases production in the long run is an example of:

• A)economies of scale.
• B)diseconomies of scale.
• C)being too small for the relevant market.
• D)not having enough managers.

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Definitions:

Dispersion

In statistics, the measure of how spread out numbers are in a dataset, indicating variability.

Weighted Mean

A mathematical average where some elements of the data set carry more significance, or weight, than others in the calculation.

Percentiles

A statistical measure indicating the value below which a given percentage of observations fall in a dataset.

Pay Equity Legislation

Laws aimed at eliminating discrimination in pay scales for work of equal value, regardless of gender or other non-job-related factors.