In the Long Run a Company That Produces and Sells

question 470

Multiple Choice

In the long run a company that produces and sells organic tofu incurs total costs of $1,200 when output is 1,200 units and $1,650 when output is 1,400 units. The tofu company exhibits

• A)diseconomies of scale because total cost is rising as output rises.
• B)diseconomies of scale because average total cost is rising as output rises.
• C)economies of scale because total cost is rising as output rises.
• D)economies of scale because average total cost is falling as output rises.

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Definitions:

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An acronym in the field of education and training that stands for Review, Overview, Presentation, Exercise, and Summary, a methodical approach to teaching and learning.

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The level at which an employee executes their duties and responsibilities at work.

Developmental Network

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