For Building Contractors, Doubling the Size of an Office Building

question 163

Multiple Choice

For building contractors, doubling the size of an office building does not require double the inputs because there are common walls.This is an example of

• A)increasing marginal product
• B)diminishing marginal returns
• C)economies of scale
• D)diseconomies of scale
• E)constant returns to scale

---

Definitions:

Limelight

Limelight refers to the center of public attention or interest.

Leadership Effectiveness

The degree to which a leader is capable of achieving desired outcomes, influencing followers, and meeting organizational goals.

Intelligence

The ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

Group Member

An individual who belongs to a specific group or team and contributes towards group activities and objectives.