Which of the following is a typical managerial choice?

If demand is increasing, and you also prefer to increase the time between capacity increments, then the size of increments should ________

Fill in the blanks with correct word

Why are high-technology industries likely to show increasing returns?

a. when upfront costs are high and marginal costs are high, unit costs drop as volume increases b. due to a steep learning curve, as a firm produces more, its cost increase c. network externalities allow the company to raise prices as they sell more d. all of the above