When variable inputs are added to a fixed input
A) output increases.
B) output can increase at an increasing rate.
C) output can increase at a decreasing rate.
D) all of these choices are possible.
D
Economics
You might also like to view...
Suppose all firms in a competitive market are currently in both short-run and long-run equilibrium. What impact will a lump sum tax have on each firm in the short run? in the long run?
What will be an ideal response?
Economics
If indifference curves are concave to the origin, which assumption on preferences is violated?
A) Diminishing marginal rates of substitution B) Transitivity of preferences C) More is preferred to less D) Completeness
Economics