When a One-Unit Increase in Input Increases Output More Than

question 70

Multiple Choice

When a one-unit increase in input increases output more than the previous unit of input, we say that there are

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

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Definitions:

Checked-out Books

Books that have been borrowed from a library or other lending institution, indicating they are currently in use by patrons.

Dotplot

A statistical chart consisting of data points plotted on a simple scale, used to visualize the distribution of a dataset.

Midterm Results

The outcomes or scores obtained from exams or evaluations conducted halfway through an academic term.

Frequency Distribution

A summary of a set of data showing the frequency, or number of times, each value occurs.