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In Romero V

question 27

Multiple Choice

In Romero v. Drummond Company, Inc. , the union and several of its leaders and relatives of deceased leaders sued Drummond and its parent company and executives under the Alien Tort Statute and the Torture Victim Protection Act of 1991. The district court consolidated the complaints and later granted:

Definitions:

Constant Returns

Refers to a situation in production where increasing the inputs by a certain factor results in output increasing by the same factor.

Production Functions

A mathematical expression that describes the relationship between inputs and the maximum output that can be produced with those inputs.

Scale

The size of a business or operation, which can impact its production cost, efficiency, and ability to compete in the market.

Returns to Scale

The variation in outcome that occurs when all inputs used in the manufacturing process are increased by the same proportion.