When a Firm Doubles Its Inputs and Finds That Its

question 36

Multiple Choice

When a firm doubles its inputs and finds that its output has more than doubled, this is known as

• A)economies of scale.
• B)constant returns to scale.
• C)diseconomies of scale.
• D)a violation of the law of diminishing returns.

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Definitions:

Still Working

Engaged in performing tasks or duties, typically in a professional context, without having ceased or completed the activity.

Probability

The calculation of how probable it is for an event to happen.

Batteries

Devices consisting of one or more electrochemical cells that store and supply electric energy.

Fair Die

A die that is perfectly balanced, ensuring that each of its faces has an equal chance of landing upward when rolled.