A firm that doubles its use of inputs to produce ______ output has constant returns to scale.
A) twice as much
B) three times as much
C) 50% more
D) half the original
Correct Answer:
Verified
Q34: Start up costs are:
A)irrelevant in firm decision
Q35: When a drug company introduces a new
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Q37: Imagine that you are an entrepreneur,making designer
Q38: The term "natural monopoly" refers to:
A)government ownership
Q40: A firm that enjoys economies of scale
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Q42: Both the perfectly competitive firm and the
Q43: When a perfect competitor sells additional units,_,and
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