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 112 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
Wow, this really help

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
The clock generator produces a series of pulses that are used by the microprocessor and other ... The clock generator produces a series of pulses that are used by the microprocessor and other ...
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library