Examlex

Solved

The Total Number of Users or Customers an E-Commerce Business

question 32

Multiple Choice

The total number of users or customers an e-commerce business can obtain is a measure of which of the following?


Definitions:

Returns To Scale

The change in output resulting from a proportional change in all inputs (factors of production) in the long term, indicating whether the output increases, decreases, or stays the same.

Production Function

A mathematical expression that describes the relationship between inputs used in production and the output generated from those inputs.

Input

The resources used in the production process, such as labor, raw materials, and capital.

Returns To Scale

The change in output resulting from a proportional change in all inputs (factors of production) in the production process.

Related Questions