Increasing returns to scale can be explained in terms of:

Related MCQs

• The law of diminishing returns states that:
• The law of diminishing returns only applies in cases where:
• Diminishing marginal returns implies:
• The firm’s short-run marginal-cost curve is increasing when:
• According to ----------- when income increases by a small increment, it leads to increasing marginal utility of income
• A firm may decide to increase its scale so that it has excess production capacity because, by doing so, it is able to
• A firm encountering economies of scale over some range of output will have a:
• If you know that the marginal utility per rupees spent on product Alpha is less than the marginal utility per rupees spent on product Beta, consumers who spend all their income on these two products can:
• In game theory, a situation in which one firm can gain only what another firm loses is called a
• Sequential games can be solved using