Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

One possible factor that may give rise to increasing returns to scale is: A. it is impossible to vary the quantity used in the long

One possible factor that may give rise to increasing returns to scale is:

A.

it is impossible to vary the quantity used in the long run.

B.

it is too costly to vary the quantity used in the short run.

C.

the quantity used is fixed in the long run but varies in the short run

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

9781292016924

Students also viewed these Economics questions

Question

Explain the different ways to turn on an SCR.

Answered: 1 week ago