When a tariff is imposed on an imported good, the prices of the similar products produced within the country also increase.

Diseconomies of scale are associated with

a. Inefficiencies b. Cost reduction c. Improvement in technology d. Division of labor

Bill is an accountant for a small machine shop. His boss has asked him to calculate the shop's total fixed cost. Which method will give Bill the correct answer?

a. subtracting marginal cost from total cost b. calculating the product of average total cost and quantity c. determining what the shop would pay for if they produced zero output d. adding the total variable cost to the total cost e. subtracting total variable cost from total revenue