A Firm Has a Production Function Q = LK,where L

question 89

Multiple Choice

A firm has a production function Q = LK,where L is labour and K is capital.If L and K can take whole values ,then the firm has

• A) increasing returns to scale.
• B) constant returns to scale.
• C) diseconomies of scale.
• D) decreasing returns to scale.
• E) rising average total costs.

Understand the role of international organizations and assistance in the economic development of countries.

Recognize the barriers to and benefits of trade liberalization and free trade policies in developing countries.

Acknowledge the role of education in facilitating technological changes and the acceptance of new ideas.

Understand the consequences of tied foreign aid and its effects on the agricultural sector of developing countries.

---

Definitions:

Skeletal Muscles

Muscular tissue attached to bones, primarily responsible for voluntary movements and maintaining posture.

Visceral Smooth Muscle

Visceral smooth muscle is the type of muscle found in the walls of internal organs, responsible for involuntary movements such as digestion and blood vessel constriction.

Amygdala

Nucleus in the temporal lobe of the brain, amygdaloid nucleus; also called amygdaloid nuclear complex.

Temporal Lobe

A region of the cerebral cortex located beneath the temples, involved in processing auditory information and encoding memory.