(A) Exhibits constant returns to scale.
(B) Exhibits increasing returns to scale.
(C) Exhibits decreasing returns to scale.
(D) Can exhibit constant, increasing, or decreasing returns to scale.
Assume that a firm’s production process is subject to increasing returns to scale over a broad range of outputs. Long run average costs over this output will tend to:
(A) Increase.
(B) Decline.
(C) Remain constant.
(D) Fall to a minimum and then rise.
An isocost line reveals the:
(A) Costs of inputs needed to produce along an isoquant.
(B) Costs of inputs needed to produce along an expansion path.
(C) Input combinations that can be purchased with a given outlay of funds.
(D) Output combinations that can be produced with a given outlay of funds.
Which of the following costs always declines as output increases?
(A) Average cost
(B) Marginal cost
(C) Fixed cost
(D) Average fixed cost
Which of the folliwing is dangling reference:
(A) Accessing a storage that is already disposed at the request of the user
(B) Accessing a storage that is already disposed at the request of the processor
(C) Accessing a storage that is declared but not initialized
(D) All of the above
You are asked to use a computer to solve the problem. How fast the computer solve the problem it depends on the:
(A) algorithm used
(B) language used for implementation
(C) progammer and computer
(D) all of the above
Overloading is:
(A) functions having the same name but with different types of parameters
(B) a function used very frequently in a program
(C) an operater whose meaning is determined by the operand type
(D) both a and c
English language uses full stop as a sentence:
(A) seprater
(B) terminater
(C) seprater and terminater
(D) none of the above