Imagine that a firm expands the size of its plant, doubling its total cost of production but more than doubling its output. This situation is known as
economies of scale.
diseconomies of scale.
constant returns to scale.
a violation of the law of diminishing returns.

Question

09-12-2022
SAT

Answered

Imagine that a firm expands the size of its plant, doubling its total cost of production but more than doubling its output. This situation is known as
economies of scale.
diseconomies of scale.
constant returns to scale.
a violation of the law of diminishing returns.

Answer :

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ShubhamSrivastava ShubhamSrivastava · Answer 1 · 2022-12-15T09:33:36-05:00

Imagine that a firm expands the size of its plant, doubling its total cost of production but more than doubling its output. This situation is known as diseconomies of scale.

What is diseconomies of scale ?

Diseconomies of scale happen when a company or business grows so large that the costs per unit increase. It takes place when economies of scale no longer function for a firm. Diseconomies of scale may result from several factors, including communication breakdown, lack of motivation, lack of coordination, and loss of focus by the management and employees.

Learn more about diseconomies of scales: https://brainly.com/question/13534907

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Imagine that a firm expands the size of its plant, doubling its total cost of production but more than doubling its output. This situation is known as economies of scale. diseconomies of scale. constant returns to scale. a violation of the law of diminishing returns.

Answer :

What is diseconomies of scale ?

Other Questions

Imagine that a firm expands the size of its plant, doubling its total cost of production but more than doubling its output. This situation is known as
economies of scale.
diseconomies of scale.
constant returns to scale.
a violation of the law of diminishing returns.