Which of the following factors can lead to learning by doing?
A) Substantial loss suffered in the long run
B) Decreasing returns to scale
C) Significant addition to inventory stock
D) Increased skill of the existing workforce
Correct Answer:
Verified
Q85: Economies of scale:
A)is the same thing as
Q86: Assume that with 20L and 30K a
Q87: Assume that the long run average cost
Q88: Which of the following is true of
Q89: Decreasing returns to scale imply:
A)decreasing long run
Q91: Learning by doing is illustrated by:
A)a movement
Q92: The possibility of learning by doing ensures:
A)equal
Q93: The minimum efficient scale is:
A)the level of
Q94: An important determinant of market structure is:
A)the
Q95: Learning by doing:
A)is synonymous with economies of
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