Respuesta :
Neoclassical economists believe that over long time horizons as firms exploit an increase in their productive capacity, they will see an increase in demand for their products: TRUE
What are neoclassical economists?
- Neoclassical economics is a school of thought in which the supply and demand model governs the production, consumption, and valuation (price) of commodities and services.
- This school of thinking holds that the value of a thing or service is defined by a hypothetical maximization of utility by income-constrained individuals and profits by enterprises facing production costs and employing accessible information and inputs of production.
- This method has frequently been justified by citing rational choice theory, a theory that has come under fire in recent years.
- Neoclassical economists think that over extended time horizons, as firms grow their productive capacity, demand for their products will rise.
As the definition itself says, neoclassical economists, think that over extended time horizons, as firms grow their productive capacity, demand for their products will rise.
Therefore, the statement "neoclassical economists believe that over long time horizons as firms exploit an increase in their productive capacity, they will see an increase in demand for their products" is TRUE.
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