Econ 528 final - Study guides, Class notes & Summaries

University of Louisiana, Lafayette - ECON 528 Final Exam

ECON 528 Final Exam Study Guide. complete questions and answers ECON 528 Dr. Rahmad Final Exam Chapter 4: Cost and Production 1. Economies of scale exist as a firm increases its size in the long run because of all the following except:  As a firm expands its production, its profit margin per-unit of output increases. 2. Over the past twenty years, the number of small family farms has fallen significantly and in their place there are fewer, but larger, farms owned by corporations....

Which of the following is a reason why a firm would experience diseconomies of scale? Select one: a. As the size of the firm increases, it becomes more difficult to find markets where it doesn't already have operations. b. To finance an increase in the size of its plant a firm must borrow more money or sell more shares of stock. c. As the size of the firm increases, it must operate in other countries where differences in language, customs and laws increase its average costs. d. As the si...

ECON528 Final Exam Question and Answers

ECON 528 / ECON528 Final Exam. Questions And Answers (100% Correct) A+ Graded ECON528-850-ECON528-010- Started onMonday, 8 October 2018, 10:05 PM StateFinished Completed onMonday, 8 October 2018, 10:51 PM Time taken45 mins 58 secs Marks15.00/20.00 Grade 7.50 out of 10.00 (75%) Question 1 Incorrect Mark 0.00 out of 1.00 Question 2 Incorrect Mark 0.00 out of 1.00 The law of diminishing marginal returns states that increases in the va...

Econ 528: Managerial Economics Spring 2020 Final Exam Study Guide

ECON528-850-ECON528-010- Started on Monday, 8 October 2018, 10:05 PM State Finished Completed on Monday, 8 October 2018, 10:51 PM Time taken 45 mins 58 secs Marks 15.00/20.00 Grade 7.50 out of 10.00 (75%) The law of diminishing marginal returns states that increases in the variable input reduce the total product. Select one: True False Question 2 Incorrect Mark 0.00 out of 1.00 Started on Monday, 8 October 2018, 10:05 PM State Finished Completed on Monday, 8 October 2018, 10...

Econ 528: Managerial Economics Final Exam Study Guide (Spring2020) - University of Louisiana at Lafayette

ECON 528 / ECON528 Final Exam. Questions And Answers (100% Correct) A+ Graded

ECON528-850-ECON528-010- Started on Monday, 8 October 2018, 10:05 PM State Finished Completed on Monday, 8 October 2018, 10:51 PM Time taken 45 mins 58 secs Marks 15.00/20.00 Grade 7.50 out of 10.00 (75%) Question 1 Incorrect Mark 0.00 out of 1.00 Question 2 Incorrect Mark 0.00 out of 1.00 The law of diminishing marginal returns states that increases in the variable input reduce the total product. Select one: True False The...