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Author Question: Positive economies of scale are said to exist when (Read 84 times)

james

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on: May 25, 2020

Question 1

If a firm doubles its use of all inputs and output more than doubles, the firm experiences
◦ increasing returns to scale.
◦ constant returns to scale.
◦ decreasing returns to scale.
◦ increasing marginal returns to a fixed factor.

Question 2

Positive economies of scale are said to exist when
◦ doubling the amount of labour more than doubles the amount of output.
◦ doubling the amount of capital more than doubles total output.
◦ increasing the scale of production leads to a lower cost per unit output.
◦ any of the conditions under A, B, or C occur.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by james on May 25, 2020

dpost18

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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james

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

nyrave

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Reply 3 on: Yesterday
:D TYSM

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