The ABC Corporation Decreases All of Its Inputs by 18

question 360

Multiple Choice

The ABC Corporation decreases all of its inputs by 18 percent and finds that its output falls by 18 percent. This means that initially it was producing

• A)in the range of constant returns to scale.
• B)in the range of economies of scale.
• C)where AP is less than MP.
• D)in the range of diseconomies of scale.

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Definitions:

Largest Planet

Jupiter, known as the largest planet in the solar system, distinguished by its massive size and gas giant composition.

Solar System

The collection of eight planets and their moons in orbit around the sun, together with smaller bodies in the form of asteroids, meteoroids, and comets.

Hydrogen And Helium

The two lightest and most abundant elements in the universe, making up the majority of the observable matter, especially found in stars.

Large Red Spot

A massive, persistent storm located in Jupiter's atmosphere, known for its reddish hue and large size.