Assume the firm instead decides to quadruple the levels of both inputs (relative to the initial levels). With these new levels of inputs, the production function exhibits Choose one: A. constant returns to scale. B. increasing returns to scale. C. decreasing returns to scale. D. increasing returns for low levels of inputs and decreasing returns for high levels of inputs.

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600

China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.

How an absolute advantage might affect a country's imports and exports?