This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm may express increasing, constant and decreasing returns to scale for various levels of ... (Read 32 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: Jul 1, 2018
A firm may express increasing, constant and decreasing returns to scale for various levels of output.
 
  Indicate whether the statement is true or false

Question 2

The spread between price and marginal cost of an exhaustible resource must grow by the rate of interest so that
 
  A) resource owners earn a profit.
  B) resource owners are willing to sell some of the resource in the future.
  C) the price of the resource remains constant in real terms.
  D) the marginal cost of extracting the resource declines.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

matt95

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 1, 2018
Answer to Question 1

True . As output increases, a firm can experience all types of returns to scale.

Answer to Question 2

B


TVarnum

  • Member
  • Posts: 548
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Relationship between levels of COHb in blood and concentration of CO in the surrounding air Relationship between levels of COHb in blood and concentration of CO in the surrounding air
Levels of Prevention Levels of Prevention
Young adulthood brings the greatest number of role transitions and highest levels of demands than ... Young adulthood brings the greatest number of role transitions and highest levels of demands than ...
The four levels of PPE according to the EPA (from left to right): Level A, Level B, Level C, and ... The four levels of PPE according to the EPA (from left to right): Level A, Level B, Level C, and ...
Increasing/decreasing Functions Increasing/decreasing Functions
Parents who have higher levels of education encourage their children to be educated Parents who have higher levels of education encourage their children to be educated
Video: Mitosis step-by-step

For a complete list of videos, visit our video library