If a Firm Doubles All of Its Inputs and Its

question 196

Multiple Choice

If a firm doubles all of its inputs and its output triples, it is said to be experiencing

• A) diminishing marginal returns.
• B) increasing marginal returns.
• C) diseconomies of scale.
• D) economies of scale.
• E) constant average costs.

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Definitions:

Spreadsheet

A digital worksheet used for organizing, analyzing, and storing data in a tabular form.

Profit Generated

The total earnings resulting from business activities after subtracting all expenses and costs.

Production Data

Refers to information generated during the manufacturing or production process of a company, detailing aspects like quantity manufactured, defects, and production time.

Sales Data

Information regarding the quantity of goods or services sold within a specific period, often used for analysis in business strategies.