When a Firm's Input Prices Do Not Vary Much with the Amount

question 60

Multiple Choice

When a firm's input prices do not vary much with the amount of output it produces,it experiences ______ of scale if its technology has ______ returns to scale.

• A) Diseconomies; increasing
• B) Economies; decreasing
• C) Diseconomies; constant
• D) Diseconomies; decreasing

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Definitions:

Ethical Dilemmas

Situations where an individual must choose between options that are all ethically challenging or in conflict with moral principles.

Deception

The act of misleading or tricking someone, which can be a method used in psychological experiments to control for participant expectations.

Independent Variable

A variable in an experiment that is manipulated by the researcher to observe its effect on the dependent variable.

Physical Exercise

Structured activities undertaken to maintain or improve health and physical fitness.