Multiple Choice
Which of the following correctly explains increasing returns to scale?
A) With small scale operations,management inefficiencies are avoided.
B) Increasing the number of workers in a factory allows division and specialization of labor.
C) Firms that operate in small industries have higher input procurement costs.
D) Communication channels in large organizations tend to be complex.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: Table 7.1 shows the quantities of labor
Q18: Use the following table to answer the
Q19: What is meant by technological efficiency in
Q20: Table 7-3 shows the combinations of labor
Q21: What can you conclude about an isoquant
Q23: Use the following table to answer the
Q24: Answer the following:<br>a)What are the characteristics of
Q25: The slope of a ray from the
Q26: Which of the following may explain why
Q27: Table 7-4 shows the quantities of labor