Decreasing Returns to Scale May Occur Because

question 30

Multiple Choice

Decreasing returns to scale may occur because:

• A)there are unlimited wants in any society
• B)natural resources are limited
• C)management easily co-ordinates operations to ensure efficient production
• D)inventions of new technology are on the rise
• E)there are limited wants in any society

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Definitions:

Redundancies

The presence of duplicate elements or unnecessary repetitions in content or processes.

Formal Report

A document that presents information in a structured format for analysis and provides specific recommendations for future actions.

Policy Implementation

The process of putting into effect or enacting policies decided by an organization or government.

HR Policies

Guidelines and procedures established by an organization's human resources department to manage employees and the workplace.