What Is Meant by the Term "Increasing Returns to Scale

question 60

Multiple Choice

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

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

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Definitions:

Acupuncture

A traditional Chinese medical practice using fine needles inserted at specific points on the body to relieve pain or to treat various health conditions.

Homeopathic Medications

Remedies used in homeopathy, a form of alternative medicine based on the principle of treating "like with like," often using highly diluted substances.

Holistic Healthcare

An approach to treatment that considers the whole person, including physical, mental, social, and emotional aspects, rather than just symptoms of a disease.

Health Promotion

Enabling individuals to gain greater control over and enhance their overall health.