The traditional view of the production process is that capital is subject to
a. constant returns.
b. increasing returns.
c. diminishing returns.
d. diminishing returns for low levels of capital, and increasing returns for high levels of capital.
c
Economics
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The higher the beta,
A) the smaller the diversifiable risk. B) the smaller the nondiversifiable risk. C) the larger the diversifiable risk. D) the larger the nondiversifiable risk.
Economics
Economics is best defined as the
A) study of how people make choices to satisfy their wants. B) study of individual self-interests. C) study of why people do not react to incentives. D) process by which goods are sold in free markets.
Economics