This flashcard is just one of a free flashcard set. See all flashcards!
3
When you increase inputs by 10% and outputs increase more than 10%, what is that called? Outputs equal to 10%? Less than 10%?
1. Economies of scale
2. Constant returns to scale
3. Diseconomies of scale
2. Constant returns to scale
3. Diseconomies of scale
Flashcard info:
Author: savhighsmith
Main topic: Business Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.09.2010