Use the Following Two Statements to Answer This Question: I

question 93

Multiple Choice

Use the following two statements to answer this question: I. "Decreasing returns to scale" and "diminishing returns to a factor of production" are two phrases that mean the same thing.
II Diminishing returns to all factors of production implies decreasing returns to scale.

• A) Both I and II are true.
• B) I is true, and II is false.
• C) I is false, and II is true.
• D) Both I and II are false.

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Definitions:

Chemical Combination

A process where two or more substances react to form a new substance with different chemical properties.

Chemical Compound

A substance formed from two or more elements chemically united in fixed proportions.

Genes

The basic physical and functional units of heredity, made up of DNA sequences that instruct how organisms are built and function.

Hereditary Characteristics

Traits and features that are passed from parents to offspring through genes.