Returns to Scale Is a Concept That Operates

question 90

Multiple Choice

Returns to scale is a concept that operates

• A) only in the short run.
• B) only in the long run.
• C) in both the long run and the short run.
• D) in either the long run or the short run but never both.

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Definitions:

Kilometers

A unit of length in the metric system, equal to 1,000 meters or approximately 0.62 miles, used to measure distance.

Deposited

The process by which sediments, minerals, and other substances are laid down or settled in a new location.

Slowing

The reduction in speed or rate of an activity or process.

Current

A directional movement of water, which can be caused by temperature, salinity differences, wind, or tidal forces in the ocean.