If Doubling the Quantity of Inputs More Than Doubles the Quantity

question 57

Multiple Choice

If doubling the quantity of inputs more than doubles the quantity of outputs, the firm is experiencing

• A) increasing returns to scale.
• B) decreasing returns to scale.
• C) constant returns to scale.
• D) increasing costs per unit of output.

Grasp the concept of shifting demand from peak to off-peak periods to optimize utilization.

Apply forecasting as the foundation of effective revenue management systems.

Understand the basic principles of revenue management and its relevance to business operations.

Analyze the impact of differential pricing and its benefits to a firm.