A bigger size of plant is built
Different sizes of plants are built
Variable inputs are increased
Fixed factors are increased
Correct answer is C
No explanation has been provided for this answer.
The major reason why nations engage in international trade is that
It allows free movement of factors of production
It makes possible the use of capital-intensive method of production
Nations are substantially different in their endowments of economic resources
It affords the trading nations the opportunity to earn high profit
Correct answer is C
No explanation has been provided for this answer.
Price elasticity of supply is a ratio of the change in
Original quantity to a change in new quantity
Quantity supplied to the change in price
Price to the change in quantity supplied
Quantity supplied to the change in demand
Correct answer is B
No explanation has been provided for this answer.
The loans from the World Bank to developing countries are mainly to support
The establishment of more universities
Capital-intensive technology
Infrastructural investments
Their low level of consumption
Correct answer is C
No explanation has been provided for this answer.
Short-run period in production is a period too short for a firm to be able to change its
Scale of operation
Total revenue
Total outputs
Variable inputs
Correct answer is A
No explanation has been provided for this answer.