The Table Given Below Shows the Average Total Cost of Production

question 32

Multiple Choice

The table given below shows the average total cost of production of a firm at different levels of the output.Table 8.5

-If a firm doubles its resources and generates an output level which is more than double, it is said to be experiencing:

• A)economic fluctuations.
• B)recession.
• C)diseconomies of scale.
• D)increasing marginal returns to a factor.
• E)economies of scale.

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Definitions:

Ecological Niche

The role and position a species has in its environment; how it meets its needs for food and shelter, how it survives, and how it reproduces.

Local Environment

The specific surroundings or conditions in which a person, plant, or animal lives or operates.

Restriction

The limitation or control of someone or something, or the action of such limitation.

Community Ecology

The description and analysis of patterns and processes within the community.