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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 140 times)

KWilfred

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on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


KWilfred

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

nathang24

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

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