What Is Meant by the Term "Increasing Returns to Scale

question 107

Multiple Choice

What is meant by the term "increasing returns to scale"?

• A)it has the same meaning as increasing costs of production
• B)output rises proportionately more than inputs,resulting in increasing per unit costs
• C)output rises proportionately less than inputs,increasing per unit cost of production in the short run
• D)it implies that the long- run average cost curve is shifting downward
• E)output rises proportionately more than inputs,resulting in lower per unit costs in the long run

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Definitions:

Manager Assigns

The process where a manager allocates tasks, responsibilities, or resources to employees or departments.

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Diversity Competency

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