Which of the following statements describes increasing returns to scale:

Related MCQs

• Under increasing returns to scale, which of the following is the nature of the long run average cost curve?
• Which of the following statements describes the presence of diminishing returns. Holding at least one factor constant …....
• Whenever marginal product is increasing with increasing use of an input,
• The total product curve may initially show output increasing at an increasing rate as more labour is hired because of the:
• Diminishing marginal returns are most compatible with:
• When Total utility is increasing at an decreasing rate, marginal utility is
• Whenever marginal product is declining with increasing use of an input,
• A firm encountering economies of scale over some range of output will have a:
• Economies of scale exist if:
• Which of the following statements is true