Increasing Returns to Scale Result When

question 41

Multiple Choice

Increasing returns to scale result when

• A)in the long-run,an increase in inputs will lead to an increase in the average products of inputs.
• B)in the long run,an increase in inputs will lead to an equivalent increase in output.
• C)labor becomes more skilled.
• D)All of the above

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Definitions:

Capitalists

Individuals or entities that own capital goods or investments and use them to generate profits, typically by investing in businesses and supporting or engaging in commerce.

Theocratic

Pertaining to a form of government in which a deity is recognized as the supreme civil ruler, with the deity's laws being interpreted by ecclesiastical authorities.

Anarchic

Lacking order, governance, or authoritative structure, often resulting in chaos or disorder.

Republic

A form of government in which the country is considered a "public matter" with officials elected by the people.