Author Question: Constant returns to scale indicate that a firm is experiencing: a. per unit costs of production ... (Read 34 times)

jman1234

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Constant returns to scale indicate that a firm is experiencing:
 a. per unit costs of production that are decreasing as the scale of output expands.
  b. per unit costs of production that remain stable as the scale of output expands.
  c. per unit costs of production that are increasing as the scale of output expands
  d. an increasing marginal product.

Question 2

An investor who wants to diversify his portfolio will buy only bonds when both stocks and bonds are expected to yield better returns.
 a. True
  b. False
  Indicate whether the statement is true or false



Li Jun

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Answer to Question 1

b

Answer to Question 2

False



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