Solved

If a Firm Triples All Its Inputs and Output Triples

Question 218

Multiple Choice

If a firm triples all its inputs and output triples as a result,then the firm


A) is experiencing increasing returns to scale.
B) is experiencing economies of scale.
C) is experiencing constant returns to scale.
D) will have lower total costs.
E) will have lower average total costs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q213: The justification for having a list price

Q214: Discounts extended to children and senior citizens

Q215: A private regulated monopolist that is allowed

Q216: Of the sources of market power,the most

Q217: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Q219: The profit-maximizing rule MR = MC applies

Q220: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Q221: When a monopolist faces a U-shaped average

Q222: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Q223: If a firm collects $100 in revenue