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33. An economist analyses the long run costs of a firm. It is found that the marginal cost of production is 5 million TLs whereas the average cost is 10 million TLs. According to this data, the firm displays: (Hint: Remember the formulas used to measure dis/economies of scale and scope!) a) economies of scale c) economies of scope b) diseconomies of scale d) diseconomies of scope 34. Production of two goods, A and B, can be done in two separate factories. In this case, the cost of producing a given quantity of good A is 2 million TL. The cost of producing a given quantity of good B is 5 million TL. Alternatively, these two goods can be jointly produced in a single factory. In this case, the cost of joint production of the same quantities would be 4 million TLs. According to the given information, it can be said that there is: (Hint: Remember the formulas used to measure dis/economies of scale and scope!) a) economies of scale c) economies of scope b) diseconomies of scale d) diseconomies of scope

33. An economist analyses the long run costs of a firm. It is found that the marginal cost of production is 5 million TLs whereas the average cost is 10 million TLs. According to this data, the firm displays: (Hint: Remember the formulas used to measure dis/economies of scale and scope!) a) economies of scale c) economies of scope b) diseconomies of scale d) diseconomies of scope 34. Production of two goods, A and B, can be done in two separate factories. In this case, the cost of producing a given quantity of good A is 2 million TL. The cost of producing a given quantity of good B is 5 million TL. Alternatively, these two goods can be jointly produced in a single factory. In this case, the cost of joint production of the same quantities would be 4 million TLs. According to the given information, it can be said that there is: (Hint: Remember the formulas used to measure dis/economies of scale and scope!) a) economies of scale c) economies of scope b) diseconomies of scale d) diseconomies of scope

Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter14: Firms In Competitive Markets
Section: Chapter Questions
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33. An economist analyses the long run costs of a firm. It is found that the marginal cost of production is 5 million TLs whereas the average cost is 10 million TLs. According to this data, the firm displays: (Hint: Remember the formulas used to measure dis/economies of scale and scope!) a) economies of scale c) economies of scope b) diseconomies of scale d) diseconomies of scope 34. Production of two goods, A and B, can be done in two separate factories. In this case, the cost of producing a given quantity of good A is 2 million TL. The cost of producing a given quantity of good B is 5 million TL. Alternatively, these two goods can be jointly produced in a single factory. In this case, the cost of joint production of the same quantities would be 4 million TLs. According to the given information, it can be said that there is: (Hint: Remember the formulas used to measure dis/economies of scale and scope!) a) economies of scale c) economies of scope b) diseconomies of scale d) diseconomies of scope
Transcribed Image Text:33. An economist analyses the long run costs of a firm. It is found that the marginal cost of production is 5 million TLs whereas the average cost is 10 million TLs. According to this data, the firm displays: (Hint: Remember the formulas used to measure dis/economies of scale and scope!) a) economies of scale c) economies of scope b) diseconomies of scale d) diseconomies of scope 34. Production of two goods, A and B, can be done in two separate factories. In this case, the cost of producing a given quantity of good A is 2 million TL. The cost of producing a given quantity of good B is 5 million TL. Alternatively, these two goods can be jointly produced in a single factory. In this case, the cost of joint production of the same quantities would be 4 million TLs. According to the given information, it can be said that there is: (Hint: Remember the formulas used to measure dis/economies of scale and scope!) a) economies of scale c) economies of scope b) diseconomies of scale d) diseconomies of scope
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