Which of the Following Statements Is True

question 91

Multiple Choice

Which of the following statements is true?

• A) If a firm is experiencing economies of scale, diminishing marginal product has not set in yet.
• B) No firm would ever operate at a level of output for which it experiences diseconomies of scale.
• C) A firm can experience diminishing marginal product and economies of scale at the same time.
• D) Diseconomies of scale is a short-run concept, while economies of scale is a long-run concept.

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Definitions:

Consistent Tendency

A regular or habitual pattern of behavior or thought that is reliably observed across different situations and over time.

Shy

A personality trait characterized by feelings of tension and discomfort in social situations.

Selective Breeding

The process of breeding plants and animals for specific genetic traits, with the aim of producing offspring with desired characteristics.

Genetically Influenced

Traits or characteristics that are shaped in part by genetic factors.