Assume a Firm Is Using 10 Units of Capital and 10

question 13

Multiple Choice

Assume a firm is using 10 units of capital and 10 units of labour and is producing 10 widgets per hour.Now it doubles both inputs,resulting in output of 30 widgets per hour.This firm is experiencing

• A)decreasing returns to scale.
• B)increasing returns to scale.
• C)constant returns to scale.
• D)diseconomies of scale.
• E)increasing costs.

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Definitions:

Web Browser

A software application for accessing information on the World Wide Web.

Item Events

Events that are fired in response to interaction with items in a GUI, such as selections or changes in state.

Graphics Object

In programming, an object that encapsulates methods for drawing shapes, text, and images to a display device or off-screen image.

drawOval

A method in the Java graphics class used to draw an oval shape based on specified dimensions and coordinates.