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:

Diversity

Diversity refers to the inclusion and representation of differences in identity, perspectives, and backgrounds, including race, gender, age, and more, within a group or organization.

Cultural Context

The set of social, historical, and environmental factors and conditions that influence the understanding and interpretation of messages, behaviors, and symbols within a particular culture.

Characteristics

Distinctive traits, qualities, or properties that define or identify something or someone.

Native Language

Refers to the first language a person learns, typically from birth or a very young age, and is often used as the primary means of communication.