Changes

'''Jesus entrusted more to the servants who had been faithful with a little.  This illustrates the principle of increasing returns to scale- when the first two servants demonstrated that they had put made profitable use of the inputs they were entrusted with, the master allowed them to continue their work with more inputs available, i.e., on a larger scale.  When the master saw that the servant with the one talent had failed to make use of the inputs he was entrusted with, he recognized this as an inefficient allocation of resources which represented an opportunity cost for him.  So he took the talent from the inefficient servant and entrusted it to the servant who had best demonstrated his ability to use it efficiently.''' (Chris J.)

'''Jesus entrusted more to the servants who had been faithful with a little.  This illustrates the principle of increasing returns to scale- when the first two servants demonstrated that they had put made profitable use of the inputs they were entrusted with, the master allowed them to continue their work with more inputs available, i.e., on a larger scale.  When the master saw that the servant with the one talent had failed to make use of the inputs he was entrusted with, he recognized this as an inefficient allocation of resources which represented an opportunity cost for him.  So he took the talent from the inefficient servant and entrusted it to the servant who had best demonstrated his ability to use it efficiently.''' (Chris J.)

[[Category:Economics]]

[[Category:Economics lectures]]