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.

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Afamily wishes to save for future college expenses. which financial tool should the family invest in?