A Firm with Decreasing Returns to Scale Would See

question 48

Multiple Choice

A firm with decreasing returns to scale would see:

• A) decreasing long-run marginal costs.
• B) increasing long-run marginal costs.
• C) constant long-run marginal costs.
• D) More information is necessary to determine the answer.

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Definitions:

Single-Entry System

A simple accounting system where each transaction is recorded with a single entry, typically used by small businesses or for personal finances.

Instant Access

The ability to obtain information or data immediately, without any delay.

Different Users

Various individuals or groups that use or interact with a product, service, or system, each with distinct needs and preferences.

Different Locations

Refers to various places or positions, sometimes indicating the presence of objects or activities in multiple areas.