Future benefits for Social Security will ultimately be determined ...

[EY67]

Future benefits for Social Security will ultimately be determined by _____.
 
  a. population growth
  b. individual decisions on when to retire
  c. the existence of private accounts
   d. voters through the political process

Question 2

Explain how a firm can have constant returns to scale in production and economies of scale in cost.
 
  What will be an ideal response?

[Ptupou85]

Answer to Question 1

d

Answer to Question 2

A firm can have constant returns to scale in production at every output level. If the firm doubled all inputs the output would double. However, the firm may have a decreasing average cost. As more inputs are used and output increases, the average cost declines, which is known as economies of scale.

[EY67]

YES! Correct, THANKS for helping me on my review

[bdobbins]

Thanks for the timely response, appreciate it