If a Firm Doubles Inputs and Produces Three Times the Output

question 40

Multiple Choice

If a firm doubles inputs and produces three times the output, then there are

• A)constant returns to scale.
• B)diminishing marginal product.
• C)decreasing returns to scale.
• D)increasing returns to scale.

Understand the scope and limitations of incidental and consequential damages under the UCC.

Recognize the rights of the parties pertaining to the statute of limitations for filing lawsuits in breach of contract cases.

Understand the seller's options and obligations in case of a breach by the buyer, including completion of goods and resale.

Comprehend the primary objective of the UCC remedies for breach of contract.

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