If a firm triples all of its inputs and its output doubles, it is said to be experiencing
a. diminishing marginal returns
b. increasing marginal returns
c. diseconomies of scale
d. economies of scale
e. constant average costs
C
Economics
You might also like to view...
Directors can make opportunistic choices to advance their personal interest when:
a. they plan to sell off the corporation stocks at inflated prices. b. they hold majority of the stocks in the corporation. c. they are aware that the cost of forming a new board of directors is high. d. their personal returns from the well being of the corporation is high.
Economics
Which of the following would be consistent with a decline in labor productivity?
a. Faster growth in capital formation b. Enhanced worker quality c. Decreased manufacturing production d. High federal government budget surpluses
Economics