Microeconomics
Which of the following scenarios best illustrates diseconomies of scale?
What is the primary characteristic of fixed costs in the short run?
A firm produces 200 units at a total cost of \$8000. What is the average total cost per unit?
What role does coordination play in achieving economies of scale?
In the long run, how do fixed costs transition, and what does this imply for a firm's decision-making?
A firm is deciding between building a small or large factory. What factors should it consider to optimize its long-run average total cost?
What is a common cause of diseconomies of scale in large organizations?
In the short run, what happens to average total cost as output increases?
A firm is operating at a high-cost short run average total cost curve. What long-run decision can it make to reduce costs?
