If, When a Firm Doubles All Its Inputs, Its Average

question 42

Multiple Choice

If, when a firm doubles all its inputs, its average cost of production increases, then production displays

• A)diminishing returns.
• B)economies of scale.
• C)diseconomies of scale.
• D)declining fixed costs.

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Definitions:

Compensation Administration

The process and policies involved in determining, distributing, and managing the compensation of employees within an organization.

Necessary Information

The crucial data or knowledge required to perform a task, make a decision, or understand a situation.

Pay Calculations

The process of determining the appropriate amount of compensation for employees, based on factors like hours worked, performance, and job level.

Automating

The process of using technology to perform tasks without human intervention, often to increase efficiency and reduce errors.