FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Increasing returns to scale is characterized by: a. economies of scale; that is, the average cost falls as outputrises. b. constantly declining fixed costs. c.

  1. Increasing returns to scale is characterized by:

    a.

    economies of scale; that is, the average cost falls as outputrises.

    b.

    constantly declining fixed costs.

    c.

    diseconomies of scale; that is, the average cost is constant asoutput rises.

    d.

    diseconomies of scale; that is, the average cost falls as outputrises.

    e.

    economies of scale; that is, the average cost rises as outputrises.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics of Money, Banking and Financial Markets

Economics of Money, Banking and Financial Markets

Authors: Frederic S. Mishkin

9th Edition

978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905

More Books

Students also viewed these Economics questions

Question

★★★★★
Prove that the function x2 x - 1 | f (x) = x 1)(x 2) is differentiable for all r E (-0, 1) U (1, 2) U (2, ). - |

Answered: 1 week ago

Question

★★★★★
Earl and Kathy live on the Big Island of Hawaii in the town of Captain Cook. Because the altitude is high, they grow coffee plants on their property. Most of their neighbors grow coffee as well. Earl...

Answered: 1 week ago

Question

★★★★★
The article ?Report: More Than Half of DC-Area Millennials Are Using Ride-Hailing Apps? (washingtonian.com/2016/06/23/report-half-dc -area-millennials-using-ride hailing-apps/, June 23, 2016,...

Answered: 1 week ago

Question

★★★★★
What type of office space and equipment are provided?

Answered: 1 week ago

Question

★★★★★
Using Illustrations 18-9, 18-10, 18-13, and 18-14, determine which of Model City's funds qualify as major funds using the percentage cutoffs. Calculate aggregate amounts for all other non-major...

Answered: 1 week ago

Question

★★★★★
Chapter 7 Homework 3 Required information. Required Information [The following information applies to the questions displayed below.) On August 1, 2022, Colombo Company's treasurer signed a note...

Answered: 1 week ago

Question

★★★★★
Problem 15-6B Accounting for share investments LO4 CHECK FIGURE: 2. Carrying value per share, $19.63 River Outdoor Supply Corporation (River Corp.) was organized on January 2, 2023. River Corp....

Answered: 1 week ago

Question

★★★★★
The active audience approach draws our attention to the Blank 1 of people consuming media, but still recognizes the role of Blank 2 in media messages as well as in peoples social positions

Answered: 1 week ago

Question

★★★★★
Julio is a teller at the bank. He will be given the opportunity to work with new customers at the business development desk every Friday. Which job enrichment approach is Julio involved in? Job...

Answered: 1 week ago

Question

★★★★★
coefficients A variable n(t) is described by a first-order linear differential equation with constant dn(t) T +n(t) = n dt where 7 and no are constants. Let n(0) = no. a) Fort > 0, determine an...

Answered: 1 week ago

Question

★★★★★
Mortgage Payoff: You take out a 30-year fixed rate mortgage for a house. The amount borrowed is $300,000. The interest rate is 4% per year compounded monthly. You decide to sell the house immediately...

Answered: 1 week ago

Question

★★★★★
A community hospital system realized that approximately 2,000 patients were leaving its emergency department (ED) each year without receiving medical attention. This hospital system realized that...

Answered: 1 week ago

Question

★★★★★
Describe what a quality control activity might look like at a t-shirt manufacturing factory. (LO3.3)

Answered: 1 week ago

Question

★★★★★
Use the Following information to solve questions 27-30. A new project involves buying a printing machine for $9000 today. The machine would be depreciated on a straight-line basis over its 3-year...

Answered: 1 week ago

Question

★★★★★
Linda Lopez opened a beauty studio, Lindas Salon, on January 2, 2011. The salon also sells beauty supplies. In January 2012, Lopez realized she had never filed any tax reports for her business and...

Answered: 1 week ago

Question

★★★★★
The earlier an uptrend can be spotted, the more money an investor can make by riding the trend. Explain why recognizing a trend too latereduces potential profits for theinvestor.

Answered: 1 week ago

Question

★★★★★
Explain why determining thetrend is important to thetechnical analyst? P-93

Answered: 1 week ago

Question

★★★★★
What Is a Trend?? P-93

Answered: 1 week ago

Previous Question Next Question