This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Future benefits for Social Security will ultimately be determined by _____. a. population growth ... (Read 65 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
Future benefits for Social Security will ultimately be determined by _____.
 
  a. population growth
  b. individual decisions on when to retire
  c. the existence of private accounts
   d. voters through the political process

Question 2

Explain how a firm can have constant returns to scale in production and economies of scale in cost.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

A firm can have constant returns to scale in production at every output level. If the firm doubled all inputs the output would double. However, the firm may have a decreasing average cost. As more inputs are used and output increases, the average cost declines, which is known as economies of scale.


EY67

  • Member
  • Posts: 531
Reply 2 on: Jul 1, 2018
Excellent

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Seasonal changes in biomass and growth form of benthic algae in the Eel River, California: (a) in ea Seasonal changes in biomass and growth form of benthic algae in the Eel River, California: (a) in ea
Benefits of outsourced payroll. Benefits of outsourced payroll.
Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ... Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ...
Economic and Social Development Economic and Social Development
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Changes in the Age Structure of the Population, 1950–2050 Changes in the Age Structure of the Population, 1950–2050
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library