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Author Question: What is meant by the term "increasing returns to scale"? (Read 71 times)

olsonmanny@gmail.com

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on: Oct 12, 2022
What is meant by the term "increasing returns to scale"?
◦ it has the same meaning as increasing costs of production
◦ output rises proportionately less than inputs, increasing per unit cost of production in the short run
◦ output rises proportionately more than inputs, resulting in increasing per unit costs
◦ output rises proportionately more than inputs, resulting in lower per unit costs in the long run
◦ it implies that the long-run average cost curve is shifting downward
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by olsonmanny@gmail.com on Oct 12, 2022

mgranuc

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Reply #1 on: Oct 12, 2022
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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olsonmanny@gmail.com

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Reply 2 on: Oct 12, 2022
Excellent

smrtceo

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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