Author Question: If unit costs decrease as the quantity of production increases and all inputs are variable, then a ... (Read 47 times)

kwoodring

  • Hero Member
  • *****
  • Posts: 560
If unit costs decrease as the quantity of production increases and all inputs are variable, then a firm is experiencing
 A) constant returns to scale.
  B) economies of scale.
  C) diseconomies of scale.
  D) falling economies of scope.

Question 2

_____ is a process in which parties initially in disagreement attempt to reach an agreement.
 a. Strategic voting
  b. Negotiation
  c. Borda count
  d. Median voting



kescobar@64

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

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?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

For a complete list of videos, visit our video library