Question
Explain it clearly and need only typed answers Thank you As a firm starts up and gets larger, it typically experiences: options: constant returns to
Explain it clearly and need only typed answers
Thank you
As a firm starts up and gets larger, it typically experiences:
options:
constant returns to scale at all levels of output and firm sizes. | |
constant returns to scale, followed by economies of scale, and then diseconomies of scale. | |
diseconomies of scale, followed by constant returns to scale, and then economies of scale. | |
economies of scale, followed by constant returns to scale, and then diseconomies of scale. |
If a firm confronts constant returns to scale, each one percent increase in all resources expands output by:
options:
precisely one percent. | |
more than one percent. | |
more than the increase in total costs. | |
less than one percent. |
A firm that increases all inputs by 10% but generates only 5% more output is experiencing:
options:
economies of scale. | |
diseconomies of scale. | |
constant returns to scale. | |
increasing marginal disutility. |
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