Use the Table Below to Answer the Following Questions

question 94

Multiple Choice

Use the table below to answer the following questions.
Table 11.4.1
Swanky's output levels

-Refer to Table 11.4.1, which represents Swanky's production possibilities as the firm varies the quantities of knitting machines and workers per day. If Swanky increases the number of knitting machines from 1 to 2 and increases the number of workers employed from 1 to 2, the factory experiences

• A)economies of scale.
• B)constant returns to scale.
• C)diseconomies of scale.
• D)constant marginal product.
• E)minimum efficient scale.

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Definitions:

Solution

A homogeneous mixture of two or more substances, where one substance (the solute) is dissolved in another (the solvent).

Cation

A positively charged ion, which results from the loss of one or more electrons by an atom.

Positively Charged

Refers to particles or objects that have more protons than electrons, resulting in a net positive electric charge.

Ion

An atom or molecule with an electric charge due to the loss or gain of one or more electrons.