For an enterprise, when at least one input is held constant while other inputs are increased, there will be an eventual decline in the rate of extra output or yieldage, making continued expansion unprofitable.” This is known as the a. law of increased returns to scale. b. law of cause and effect. c. law of increased relative cost. d. law of diminishing returns.
For an enterprise, when at least one input is held constant while other inputs are increased, there will be an eventual decline in the rate of extra output or yieldage, making continued expansion unprofitable.” This is known as the a. law of increased returns to scale. b. law of cause and effect. c. law of increased relative cost. d. law of diminishing returns.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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For an enterprise, when at least one input is held constant while other inputs are increased, there will be an eventual decline in the rate of extra output or yieldage, making continued expansion unprofitable.” This is known as the
a. law of increased returns to scale.
b. law of cause and effect.
c. law of increased relative cost.
d. law of diminishing returns.
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