Refer to the Graph Shown

question 98

Multiple Choice

Refer to the graph shown. The output range in region b is associated with:

• A)diminishing marginal productivity.
• B)constant returns to scale.
• C)economies of scale.
• D)diseconomies of scale.

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Definitions:

Disbursement Activities

The process involving the payment of money from a fund or account, typically referring to the cash flow outgoing from a business or individual for expenses, investments, or other financial purposes.

Collection Activities

Actions taken by businesses or agencies to collect debts owed by customers or clients.

Total Collection Time

The total amount of time taken to collect payments from customers from the point of sale to the actual receipt of funds.

Customer Cheques

Checks written by customers to pay for goods or services.