Does It Make Sense to Consider the Returns to Scale

question 20

Multiple Choice

Does it make sense to consider the returns to scale of a production function in the short run?

• A) Yes, this is an important short-run characteristic of production functions.
• B) Yes, returns to scale determine the diminishing marginal returns of the inputs.
• C) No, returns to scale is a property of the consumer's utility function.
• D) No, we cannot change all of the production inputs in the short run.

---

Definitions:

Impersonal Communication

Exchanges that are superficial in nature, lacking in-depth personal connection or emotional involvement between participants.

Interpersonal Communication

involves the exchange of information, feelings, and meanings between two or more people through verbal and non-verbal methods.

Ethical Communicator

Someone who is honest, clear, accurate, and considers the welfare of others when conveying messages.

Ethics

The beliefs, values, and moral principles by which a person determines what is right or wrong.