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

Author Question: If a firm triples inputs and produces three times the output, then there are A) constant returns ... (Read 101 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

a


ericka1

  • Member
  • Posts: 544
Reply 2 on: Jul 1, 2018
Gracias!

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Recombinants are meiotic output different from meiotic input Recombinants are meiotic output different from meiotic input
Mixing bacterial genotypes produces rare recombinants Mixing bacterial genotypes produces rare recombinants
MAP sensors use three wires: 1.5 volt reference from the PCM 2. Sensor signal (output signal) 3. ... MAP sensors use three wires: 1.5 volt reference from the PCM 2. Sensor signal (output signal) 3. ...
Role of Productivity in Determining Output per Worker, 2009 Role of Productivity in Determining Output per Worker, 2009
A solution of CaCl2 with concentration of 5.5 M was diluted 10 times, 25 times and 3 times. ... A solution of CaCl2 with concentration of 5.5 M was diluted 10 times, 25 times and 3 times. ...
Two complementary angles are drawn such that one angle is 10 degree more than seven times the ... Two complementary angles are drawn such that one angle is 10 degree more than seven times the ...
Video: Origin of organelles Animation

For a complete list of videos, visit our video library