16. Increasing returns to scale are NOT found where! a. Overhead or fixed costs are dominant. b. Economies of scale in purchasing raw material inputs. c. There is substantial specialization in the production process. d. There are limitations to the availability of key inputs. e. There is a minimum scale in production such as producing vehicles or aircraft. 17. In the Burger Store constant returns to scale refers to: a. Ingredients such as ground beef and buns.

16. Increasing returns to scale are NOT found where! a. Overhead or fixed costs are dominant. b. Economies of scale in purchasing raw material inputs. c. There is substantial specialization in the production process. d. There are limitations to the availability of key inputs. e. There is a minimum scale in production such as producing vehicles or aircraft. 17. In the Burger Store constant returns to scale refers to: a. Ingredients such as ground beef and buns.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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