If you double input, output more than doubles.
What will be an ideal response?
Ans: Increasing returns to scale
Economics
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In the table above, the marginal product of the 5th worker is ________ units per week
A) 2 B) 5 C) 10 D) 19
Economics
The major disadvantage of commodity money is that
A) anybody can issue it and walk away. B) its value fluctuates with the scarcity of the commodity. C) it is subject to dollarization. D) the central bank cannot be prevented from issuing too much of it.
Economics