What Is Meant by the Term "Increasing Returns to Scale

question 60

Multiple Choice

What is meant by the term "increasing returns to scale"?

• A)output rises proportionately less than inputs,increasing per unit cost of production in the short run
• B)output rises proportionately more than inputs,resulting in increasing per unit costs
• C)output rises proportionately more than inputs,resulting in lower per unit costs in the long run
• D)it has the same meaning as increasing costs of production
• E)it implies that the long-run average cost curve is shifting downward

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Definitions:

Telemarketing Effectiveness

The measure of success in achieving marketing goals through the use of telephone-based sales and promotional techniques.

Survey Questions

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A statement in statistical analysis that assumes no significant difference or effect exists between certain datasets or treatments.

Catalysts

Substances that increase the rate of a chemical reaction without being consumed in the reaction, thereby facilitating the process without undergoing permanent chemical changes themselves.