The Best Explanation for ________ Is a Fixed Factor Causes

question 323

Multiple Choice

The best explanation for ________ is a fixed factor causes diminishing returns to other factors.

• A) increasing returns to scale
• B) a horizontal marginal revenue curve
• C) a perfectly competitive firm earning economic profits in the long run
• D) the shape of a short-run marginal cost schedule

---

Definitions:

Rubles

The official currency of Russia, symbolized as RUB, used for all financial transactions within the country.

Depreciation

A fall in the price of a nation’s currency relative to foreign currencies.

Depreciation

The process of allocating the cost of a tangible or physical asset over its useful life, reflecting wear and tear or obsolescence.

Imports

Goods and services purchased by a country from other countries.