Multiple Choice
Increasing returns to scale is characterized by:
A) constantly declining fixed costs.
B) diseconomies of scale; that is, the average cost falls as output rises.
C) economies of scale; that is, the average cost rises as output rises.
D) diseconomies of scale; that is, the average cost is constant as output rises.
E) economies of scale; that is, the average cost falls as output rises.
Correct Answer:
Verified
Correct Answer:
Verified
Q51: Which of the following is an example
Q52: The Romer model might be made more
Q53: According to the combined Solow-Romer model, all
Q54: In the combined Solow-Romer model, an exogenous
Q55: Because of fixed R&D costs, _ are
Q57: Suppose the parameters of the Romer model
Q58: Refer to the following table when answering
Q59: Which of the following is a nonrival
Q60: In the Romer model, if an economy
Q61: According to the combined Solow-Romer model, all