The production function Q = 0.8X + 0.6Y exhibits
A) increasing return to scale.
B) decreasing returns to scale.
C) constant returns to scale.
D) economies of scale.
C
Economics
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Comdex Computer Company is producing at a price of $10 with an average total cost of $12and a fixed cost of $300 . The firm is currently producing 100 units
What are the operating profits of this firm? What are the economic profits of this firm?
Economics
The process of changing a technology to fit local resources is
a. invention b. adaptation c. innovation d. technology transfer e. all of the above
Economics