A firm that has increasing returns to scale in the long run does not experience diminishing marginal returns in the short run.

Answer the following statement true (T) or false (F)

False

Economics

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If a nation's current account is -$200 billion and its financial account (excluding its official settlements balance) is $175 billion, how much is its official settlements balance?

A) -$25 billion B) +$25 billion C) -$375 billion D) +$ 375 billion

Economics

The goal of profit-maximizing extraction firms such as an oil company or a mining company is to extract resources:

A. As fast as possible B. As slowly as possible C. When the user costs are rising D. For the greatest stream of profit over time

Economics