When a firm doubles its inputs, its output:
A. will less than double.
B. will double.
C. will more than double.
D. All of these are possible.
Answer: D
Economics
You might also like to view...
GDP using the expenditure approach equals the sum of personal consumption expenditures plus
A) gross private investment. B) gross private investment plus government expenditure on goods and services. C) gross private investment plus government expenditure on goods and services minus imports of goods and services. D) gross private investment plus government expenditure on goods and services plus net exports of goods and services.
Economics
An externality refers to economic events outside a market
Indicate whether the statement is true or false
Economics