The Table Below Shows Various Values of Labour (L),capital (K),and

question 52

Multiple Choice

The table below shows various values of labour (L) ,capital (K) ,and technology (T) for Economies A,B,and C.In each case,the aggregate production function takes the following form: Y = T × TABLE 25-4 Refer to Table 25-4.The production function that applies to Economies A,B,and C displays

• A)increasing returns to scale.
• B)increasing marginal returns to labour.
• C)diminishing marginal returns to labour.
• D)constant returns to scale.
• E)Both C and D are correct.

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Definitions:

External Iliac Artery

A major artery that supplies blood to the lower limbs, originating from the common iliac artery and continuing as the femoral artery.

Iliolumbar Artery

A branch of the internal iliac artery that supplies blood to the iliopsoas muscle and parts of the lumbar spine.

Left Colic Artery

A branch of the inferior mesenteric artery that supplies blood to the descending colon.

Abdominal Aorta

The major blood vessel that runs down the abdomen, supplying oxygenated blood to the lower parts of the body.