If an industry is a constant-cost industry
a. prices of its inputs increase even though output remains constant
b. it uses inputs at higher levels of output
c. prices of its inputs rise at a constant rate as it uses more inputs
d. prices of its inputs remain constant as the number of firms increases
e. firms in the industry experience economies of scale
D
You might also like to view...
To carry out an optimization analysis:
A) only direct costs incurred in a project are to be estimated. B) all costs are required to be converted to a same unit of measurement. C) only indirect costs incurred in a project are to be estimated. D) different types of costs are measured in different units.
The principal policy-maker of the Federal Reserve is the
A) Chairman of the Federal Reserve Board of Governors. B) president of the New York Federal Reserve bank. C) president of the Washington, D.C. Federal Reserve bank. D) Comptroller of the Currency.