The traditional view of the production process is that capital is subject to
A: Constant returns.
B: Increasing returns.
C: Diminishing returns.
D: Diminishing returns for low levels of capital, and increasing returns for high levels of capital.
A: Constant returns.
B: Increasing returns.
C: Diminishing returns.
D: Diminishing returns for low levels of capital, and increasing returns for high levels of capital.
举一反三
- "The law of diminishing returns is the same as the decreasing returns to scale." Do you agree? Explain.
- A firm will begin to experience diminishing returns at the point where:
- Increasing returns to scale mains that the more you produce the lower<br/>the cost. (<br/>)
- The production function f (x,y) = x + y has constant returns to scale
- It is possible to have decreasing marginal products for all inputs, and yet have increasing returns to scale.