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.

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Definitions:

Immediate Reinforcers

Rewards or consequences that follow directly and promptly after a behavior, increasing the likelihood that the behavior will be repeated.

Primary Reinforcer

A directly rewarding stimulus that satisfies basic biological needs, such as food or water.

Spontaneous Recovery

The reappearance of a learned response after its apparent extinction, often occurring in the absence of further conditioning.

Extinct

A term describing a species, family, or larger group of organisms that no longer exists.