Multiple Choice
When a one-unit increase in input increases output more than the previous unit of input, we say that there are
A) increasing returns.
B) increasing costs.
C) diseconomies of scale.
D) decreasing returns.
E) constant returns to scale.
Correct Answer:
Verified
Related Questions
Q42: If marginal cost is at its minimum,
A)total
Q43: Exhibit 8-4 Q44: The short-run average total cost curve gets Q45: Average product Q46: Increasing returns occur when
A)is a standard unit of measure
A)marginal cost is increasing.
B)marginal
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