Diseconomies of scale are: [11.4.4 Diseconomies of Scale: An Upward-Sloping LRATC Curve] A instances in which increasing output does not change average total costs. instances in which decreasing output increases average total costs. B instances in which increasing output increases average total costs. D instances in which increasing output does not change total costs.

Q: Which of the following describes increasing returns to scale?     A. Long Run Average Total Costs…

A: The total cost of production refers to the monetary value of inputs used in the production of goods…

Q: Diseconomices of scale means As output increases, long run avearge cost (LRAC) decreases As output…

A: Economies of scale, diseconomies of scale, and the efficient scale depicts the relation between…

Q: S = 20L0.30c0.70 his formula L represents the units of labor input and C the units of capital input.…

A: Both part solved below,

Q: Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a…

A: Total revenue is the total receipts collected from the sale of goods or service in the market.…

Q: S = 20L0.30C0.70 this formula L represents the units of labor input and C the units of capital…

A: given that The quantity of steel to be produced is 40,000 tons of steel.   (a) The optimization…

Q: Match the multi-variable function on the left with the scale property. Q(K.L) =4K1.5L1.5 A…

A: "Returns to scale check how output changes when all inputs in the production process change by same…

Q: Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a…

A: Normal Profit is the profit that considers both the implicit as well as explicit costs. It is…

Q: Which of the following can wę conclude when production has diseconomies of scale? Average fixed cost…

A: please find the answer below.

Q: The function for total production of a certain metal at a mining operation is modeled by P(KL) = 40…

A: We are going to use profit maximization method to answer this question.

Q: Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a…

A: Accounting profit refers to the excess revenue after subtracting the explicit cost from total…

Q: 3. Many production functions have a property called constant returns to scale, about constant…

A: In economics, the term "returns to scale" refers to the quantitative change in output that a company…

Q: When the firm's LRATC curve is downward sloping over its range of production, this implies that A.…

A: Long run average total cost curve shows the lowest cost for producing each quantity of output in the…

Q: The following equations represent the long-run production functions for four different technologies,…

A: Production function exhibit increasing, decreasing and constant returns to scale.

Q: A short run production function assumes that a. The usage of at least one input is fixed b.…

A:

Q: 6. Consider a firm with the following total cost function: TC = 125 +4Q+15Q² (a) What is the measure…

A: Answer - A Answer - Need to find- The measure of firm's economy of scale  Given in the question- TC…

Q: мса 32 If production conditions are such that a 10% increase in both the labour and capital inputs…

A: Production function shows the combinations of inputs that can be used to produce the output.

Q: Some individuals decry the decline of the small family farm and its replacement with the huge…

A: The situation of reducing the total cost during the process of increasing production is referred to…

Q: Q = 180√LK^0.8 L=5, K = 10 1)  construct marginal product of labour and marginal product of capital…

A: we have different formulas for different parts of this question  MPL = partial derivative of Q with…

Q: Question 5 Which of the following production functions exhibit increasing return to scale?…

A: There are three types of returns to scale- Increasing returns to scale The constant return to…

Q: which are two (2) sources of internal economies of scale for a business organization, please…

A: A microeconomic concept that relates to elements that lower production costs while increasing output…

Q: Suppose that a business incurred implicit costs of $400,000 and explicit costs of $3 million in a…

A: Here we calculate the economic and accounting profit by using the given data and choose the correct…

Q: Explain what we mean by increasing, decreasing and constant returns to scale.

A: Returns to scale is defined as the change in output due to a quantitative increase in the inputs of…

Q: a. Is it possible to have diminishing returns to a single factor of production and constant returns…

A: a. The diminishing marginal returns to factor indicates the reduction in the marginal product of…

Q: 1. Relation of A and T curves *3* As the level of production increases in the short-run, the Average…

A: As total fixed cost remains constant, the average fixed cost which is  TFC/Q keeps on decreasing…

Q: Decreasing Returns to Scale (DRS) means: O Doubling inputs will double output O Percentage change in…

A: The production function exhibits increasing, decreasing or constant returns to scale

Q: For the production process, we can distinguish between short-run and long-run process by the…

A: Production is the process of using inputs (the factors of production) to make useful output. Cost…

Q: Which one of the following types of short-run costs declines over the whole range of output? a.…

A: There are different types of cost associated with economic activities specially production…

Q: Which of the following production functions exhibit decreasing returns to scale? In each case y is…

A: For option (a) y = 3K12L12 we increase each factor by proportion m Now, we have y' = 3(mK)12(mL)12=…

Q: The following equations represent the long-run production functions for four different technologies,…

A: A production function is used to see the relationship between the inputs used by the firm and the…

Q: Do the following production functions have increasing, decreasing, or constant returns to scale?…

A:

Q: 12. Which of the following production function shows decreasing returns to scale? (a) f(r) = min{x1,…

A: Answer - Need to find- Which production function shows decreasing return scale  1. Answer - f(x) =…

Q: Which of the following statements are true regarding the concept of returns to scale? [Check all…

A: Let production function  Q = F(L, K) Double the inputs by a scalar z > 0. Q = F(zL, zK) If F(zl,…

Q: Diseconomices of scale means As output increases, long run avearge cost (LRAC) increases O if we…

A: When there is a decrease in average cost during a long run with an increase in production scale is…

Q: .Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a…

A: Accounting profit can be calculated as follows:

Q: Jason owns a lamp store. His total costs are $145,000 per year, and his fixed cost are $19,200. His…

A: fixed costs, also known as indirect costs or overhead costs, are business expenses that are not…

Q: The following equations represent the long-run production functions for four different technologies,…

A: To check whether the function exhibits increasing, decreasing or constant returns to scale, we…

Q: Isoquants are convex because... a. Both factors are subject to increasing returns. b. Both factors…

A: In economics, isoquant curve is usedd to represent the relationship or trade-off between two input…

Q: Question 5 Which of the following production functions exhibit increasing return to scale?…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Which among these production functions exhibit increasing returns to scale? (Clue: you should scale…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: MCQ: What do you understand by “diseconomies of scale”? Decrease in costs as we increase the…

A: Diseconomies of scale generally appear when there are negative returns due to increasing the scale…

Q: Let's assume that in Ventura, a toaster company was manufacturing 3,000 units of toasters at the…

A: Introduction Economies of scale means that as a producer increases the quantity produced/output, the…

Q: Does this production function q = 9K0.8L0.1 exhibits [increasing return to scale, constant return…

A: Given: q = 9K0.8L0.1

Q: You have been hired by Kia as manager for its Pakistan operations.  Assume following is the…

A: 1. The Law of variable proportion states that as we increase the quantity of only one input keeping…

Q: Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a…

A: Implicit costs = $200,000 Explicit costs = $10,00,000 Number of units = 4000 units Selling price =…

Q: Define the term “returns to scale”, how it is measured, and explain the three different states of…

A: find below the answer.