If your firm's production function has constant returns to scale, and if you double all your inputs, then your firm's productivity will
a. not change.
b. increase but not double.
c. double.
d. more than double.
a
Economics
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According to economist Robert Gordon, major innovations in the United States have been concentrated in ________ waves of growth
A) two B) three C) four D) five
Economics
The figure above shows Sam's budget line. Which of the following would result in Sam's budget line rotating outward and not changing its horizontal intercept?
A) a fall in the price of a pound of coffee B) a rise in the price of a pound of coffee C) a fall in the price of a gallon of gasoline D) a rise in the price of a gallon of gasoline
Economics