Question 13

If units of a variable factor are increasingly added to a fixed factor and the marginal physical product keeps increasing, production is said to be taking place under conditions of

  • A.increasing returns to the variable factor
  • B.fixed cost less its variable cost
  • C.constant returns to the variable factor
  • D.external economies of scale
Objective

Question details

Exam body
UNN
Subject
Economics
Year
2010/2011 DAY 1
Question no.
#13
Type
Objective

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