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Author Question: If a firm's output more than doubles when all inputs are doubled, production is said to occur under ... (Read 131 times)

KWilfred

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If a firm's output more than doubles when all inputs are doubled, production is said to occur under conditions of
 
  A) increasing returns to scale.
  B) imperfect competition.
  C) intra-industry equilibrium.
  D) constant returns to scale
  E) decreasing returns to scale.

Question 2

Based on the theory of comparative advantage, nations maximize their well being when they
 
  A) create more jobs.
  B) allocate resources more efficiently.
  C) increase trade surpluses.
  D) increase exports.



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pikon

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Answer to Question 1

A

Answer to Question 2

B




KWilfred

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Reply 2 on: Jun 30, 2018
Excellent


Sarahjh

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Reply 3 on: Yesterday
:D TYSM

 

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