Increasing Returns to Scale Generally Exist Because Of

question 22

Multiple Choice

Increasing returns to scale generally exist because of:

• A)greater division of labor and labor specialization
• B)increased cost of hiring skilled labor
• C)less and less expensive factors of production
• D)incompatibility of labor and capital

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Inflation-adjusted Amount

A monetary value converted to reflect changes in purchasing power due to inflation, ensuring comparison over time is more accurate.