Firms may experience diseconomies of scale when
a. they are too small to take advantage of specialization.
b. large management structures are bureaucratic and inefficient.
c. there are too few employees, and managers do not have enough to do.
d. average fixed costs begin to rise again.
b
Economics
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Which of the following is true of perfect price discrimination compared to charging a single price?
a. Output is greater. b. Output is the same, but profit is higher. c. Output is lower, but profit is higher. d. Output is lower, and profit could be higher or lower. e. Output is the same, but profit is lower.
Economics
Compensating differentials are differences in wages related to the characteristics of a job
a. True b. False Indicate whether the statement is true or false
Economics