davenport econ625 week 2 quiz

davenport econ625 week 2 quiz

Question

·

Which of the following is a characteristic of economies of scale?

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· Question 2

3.5 out of 3.5 points

What is the minimum efficient scale (MES) of production?

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· Question 3

3.5 out of 3.5 points

Which of the following best describes economies of scope?

· Question 4

3.5 out of 3.5 points

Which of the following is not a major source of scale or scope economy?

· Question 5

3.5 out of 3.5 points

Which of the following is not a product specific fixed cost?

· Question 6

3.5 out of 3.5 points

What kind of economies come from reductions in cost due to adoption of technology that has high fixed costs, but lower variable costs?

· Question 7

3.5 out of 3.5 points

What are economies of density as referred to in the airline industry?

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· Question 8

3.5 out of 3.5 points

Which of the following does not benefit from the cube-square rule’s contribution to economies of scale?

· Question 9

3.5 out of 3.5 points

Which of the following is not a reason a supplier might seek to sell in bulk?

· Question 10

3.5 out of 3.5 points

What is the approximate observed median learning curve slope for typical firms?