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Author Question: If a firm triples inputs and produces three times the output, then there are A) constant returns ... (Read 78 times)

ericka1

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on: Jul 1, 2018
If a firm triples inputs and produces three times the output, then there are
 
  A) constant returns to scale.
  B) diminishing marginal product.
  C) decreasing returns to scale.
  D) increasing returns to scale.

Question 2

If the government subsidizes an activity it believes is generates a positive externality and it really only produces an inframarginal positive externality then the subsidization will result in an overproduction of the activity in question.
 
  a. True b. False


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tjayeee

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

a


ericka1

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

bbburns21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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