Which of the following may lead to diseconomies of scale?
a. Specialization on the basis of comparative advantage
b. Lack of coordination among the division heads
c. Using larger and more efficient machineries
d. Division of labor on the basis of capability
e. Specialization of marketing, pricing, and research
b
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Given that MEC(q) = 2q2, what can be inferred about the total cost of pollution as output increases?
A) The total cost of pollution is increasing. B) The total cost of pollution is positive. C) The total cost of pollution is growing at a positive rate. D) The total cost of pollution is growing at an increasing rate. E) The total cost of pollution is changing.
A payroll tax is a
a. fixed number of dollars that every firm must pay to the government for each worker that the firm hires. b. tax that each firm must pay to the government before the firm can hire workers and operate its business. c. tax on the wages that firms pay their workers. d. tax on all wages above the minimum wage.