If a Firm's Output More Than Doubles When All Inputs

question 23

Multiple Choice

If a firm's output more than doubles when all inputs are doubled,production is said to occur under conditions of

• A) increasing returns to scale.
• B) imperfect competition.
• C) intra-industry equilibrium.
• D) constant returns to scale
• E) decreasing returns to scale.

---

Definitions:

Index

A statistical measure representing the change in a specified set of data points, often used in finance to track the performance of a group of stocks or bonds.

Wilshire 5000

An index that measures the performance of all U.S. headquartered equity securities with readily available price data.

Russell 2000

An index measuring the performance of approximately 2000 smallest-cap American companies in the Russell 3000 Index.

DJIA

An abbreviation for the Dow Jones Industrial Average, a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.