All categories

2 years ago

Use the following two statements to answer this question:

Business

1 answer:

s344n2d4d5 [400]2 years ago

7 0

Answer:

(D) I is true, and II is false

Explanation:

Increasing returns to scale means that during a production process, as input increases, output increases but by a larger proportion.

Economies of scale refers to the decrease in average cost per unit as a firm increases its output.

The increase in output brought about by increasing returns to scale causes cost per unit to decrease (which is economies of scale).

Therefore increasing returns to scale causes economies of scale.

You might be interested in

During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to sharehol

gizmo_the_mogwai [7]

Answer:

Eastern Data Links Corporation

Journal entries

Step 1.

Issuance for Common stock at a premium in exchange for cash

Feb 12,

Dr. Cash account with $18,000,000

Cr. $1 Ordinary share Capital Account with $2,000,000

Cr. Ordinary share premium Account with $16,000,000

(Being $18million received for 2million shares valued at $1 and sold at a premium of $9)

Step 2.

Issuance for Common stock at a premium in settlement of a liability due

Feb 13,

Dr. Accounts Payable account with $360,000

Cr. $1 Ordinary share Capital Account with $40,000

Cr. Ordinary share premium Account with $320,000

(Being $360,000 legal expense liquidation in exchange of 40,000 shares valued at $1 and sold at a premium of $9)

5 0

2 years ago

The most common source of business system failure is:

Inessa [10]

<span>

The most common source of business system failure is : B ) data quality

-Hope this helps.</span>

4 0

3 years ago

The price elasticity of demand measures how much

Sliva [168]

Answer:

a. quantity demanded responds to a change in price.

Explanation:

The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes.

8 0

2 years ago

By the end of year 8, Demarco and Tanya would have

wariber [46]

Answer:

143,152

Explanation:

6 0

2 years ago

Read 2 more answers

The larger the mpc (marginal propensity to consume), the ______ the income-expenditure multiplier and the ______ the effect of a

makkiz [27]

Answer:

The correct answer is: larger; greater

Explanation:

Marginal propensity to consume shows the portion of disposable income that will be spent on the consumption of goods and services. Higher the marginal propensity to consume higher will be consumption spending.

The expenditure spending multiplier shows the increase in income due to an increase in autonomous expenditure.

Higher the marginal propensity to consume higher will be the investment-expenditure multiplier and greater will be the change in the output level because of change in autonomous spending.

7 0

2 years ago