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Trava [24]
3 years ago
6

If input prices are constant in the long​ run, a firm with decreasing returns to scale can expect A. total costs to decrease whe

n output doubles. B. total costs to double when output doubles. C. total costs to increase by less than double when output doubles. D. total costs to increase by more than double when output doubles.
Business
1 answer:
Fudgin [204]3 years ago
6 0

Answer:

D) total costs to increase by more than double when output doubles.

Explanation:

Decreasing returns to scale refers to a situation where you can double your inputs but your total production output will be less than double. The output will increase in a smaller proportion than the inputs.

In this scenario, the more units you produce, the greater the cost per unit of production.

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Answer:

b. $2,720,000

Explanation:

The contribution margin is what is left after subtracting the variable cost from the sales.

From there, the company pays their fixed cost and the rest is net income.

In this case you have a company desiring to get 720,000 net income after paying their 2,000,000 fixed cost

So we come up with with formula:

Contribution Margin - Fixed Cost = Net Income

Replacing the know values, we get the unknow value. Like it was a solve for X question:

X - 2,000,000 = 720,000\\X = 2,000,000 + 720,000\\X = 2,720,000

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Answer:

E. The quantity of beef supplied decreases and the supply of beef is unchanged.

Explanation:

In the market for beef, the price of a pound of beef falls. The effect is "the quantity of beef supplied decreases and the supply of beef is <u>unchanged</u>. The reason is that any price change of the product will not shift the demand or supply but changes the quantity supplied.

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3 years ago
Why are some industries regulated?
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