Which of the following reflects diseconomies of scale?
a. Marginal product decreases as output increases.
b. Short-run marginal cost increases as output increases.
c. Long-run marginal cost increases as output increases.
d. Short-run average cost increases as output increases.
e. As output doubles, long-run total cost more than doubles.
E
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Once a division manager sees that production goal for a time period is likely to be met
a. he has an incentive to increase the pace of production b. he has an incentive to decrease the pace of production c. he does not have an incentive to change the pace of production d. he has an incentive to produce other products
If the government imposes a pollution tax on gasoline refineries: a. the supply of gasoline will shift to the right. b. the demand for gasoline will shift to the right. c. the supply of gasoline will shift to the left
d. the demand for gasoline will shift to the left.