Consider the Following Statements When Answering This Question: I

question 48

Multiple Choice

Consider the following statements when answering this question: I. If a technology exhibits diminishing returns then it also exhibits decreasing return to scale.
II) If a technology exhibits decreasing returns to scale then it also exhibits diminishing returns.

• A) I is true, and II is false.
• B) I is false, and II is true.
• C) Both I and II are true.
• D) Both I and II are false.

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Definitions:

OLED TVs

Televisions that use Organic Light-Emitting Diode technology to create images, known for their high contrast ratios and deep blacks.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable on another while holding everything else constant.

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A limit on the quantity of imports.

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The digital distribution of films over the internet, allowing users to watch content on-demand without the need for physical copies or downloads.