When internal economies of scale occur ?

Related Mcqs:

1. Suppose Handel’s Ice Cream experiences economies of scale up to a certain point and diseconomies of scale beyond that point. Its long-run average cost curve is most likely to be ?

   A. downward sloping to the right B. U-shaped C. Horizontal D. upward sloping to the right...

2. A case when internal economies of scale bring about a continuously falling average cost curve that makes having more than one firm in an industry inefficient is illustrative of ?

   A. a natural monopoly B. an LDC’s limit of one firm to an industry C. an individual firm facing a horizontal (perfectly elastic) demand curve in LDCs D. The existence of oligopoly...

3. Economies of Scale meaning ?

   A. Cost on all products B. Reduced per unit Cost  C. Higher per unit Cost D. None of these Submitted by: Adnan Rai...

4. Which scholar argues the following Plantations have no significant advantage over peasants [for] crops for which centralized processing and marketing are not necessary Cocoa and coconuts are typical examples of a lack of large scale economies Peasants can grow and process these crops in small lots with no large capital requirement beyond small indigenous tools and facilities ?

   A. Yujiro Hayami B. Raanan Weitz C. Hans Singer D. Tim Dyson...

5. An industry that realizes such large economies of scale in producing its product that single-firm production of that good or service is most efficient is called ?

   A. a fixed cost monopoly B. a natural monopoly C. a government franchise monopoly D. a economies of scale monopoly...

6. If a firm is not operating at the output necessary to achieve all scale economies, it has not achieved its ?

   A. Efficient scale B. Average efficient scale C. Maximum efficient scale D. Minimum efficient scale...

7. If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of ?

   A. a nonlinear relationship B. a positive linear relationship C. a scatter diagrams D. a negative linear relationship...

8. Output fell sharply in the transition economies because ?

   A. banks were unable to function B. there was little corporate control C. vital infrastructure was missing D. All of the above...

9. The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?

   A. Japan B. Four tigers C. Vietnam D. Thailand...

10. The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?

    A. Japan B. The four tigers C. Vietnam D. Thailand...