As the accounting industry expands, the demand for certified public accountants (CPAs) also increases, which causes the salaries of CPAS to increase. This is an example of O increasing marginal returns. O constant returns to scale. O diseconomies of scale. O economies of scale.

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Factors of Production

Factors of production – in simple words means the factors that are used for producing any product or service. This includes the resources which are necessary for the manufacturing of products. Factors of production are also known as the building blocks of the economy.