As the accounting industry expands, the demand for certified public accountants (CPAs) also increases, which causes the salaries of CPAs to increase. This is an example of
A) diseconomies of scale.
B) economies of scale.
C) constant returns to scale.
D) increasing marginal returns.
Correct Answer:
Verified
Q278: Related to the Economics in Practice on
Q279: Related to the Economics in Practice on
Q280: Engineers for The All-Terrain Bike Company determine
Q281: Related to the Economics in Practice on
Q282: The smallest size at which long-run average
Q284: Diseconomies of scale cannot be due only
Q285: Mondo's Microbrewery is growing rapidly. As a
Q286: A firm is experiencing _ on the
Q287: A firm is experiencing _ on the
Q288: A firm that has increasing returns to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents