The Main Properties of a Neoclassical Aggregate Production Function Are

question 98

Multiple Choice

The main properties of a Neoclassical aggregate production function are ________ when all factors are increased proportionally and ________ when any one factor is increased on its own.

• A)increasing returns to scale; diminishing marginal returns
• B)constant returns to scale; diminishing marginal returns
• C)constant returns to scale; constant marginal returns
• D)decreasing returns to scale; diminishing marginal returns
• E)increasing returns to scale; increasing marginal returns

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Definitions:

ERP

An acronym for Event-Related Potential, a measured brain response that is the direct result of a specific sensory, cognitive, or motor event.

Left Hemisphere

The left side of the brain, typically associated with analytical tasks, language processing, and logic.

Language Processing

The method by which the brain comprehends, interprets, and produces language, including spoken, written, and sign language.

CAT Scan

Short for Computerized Axial Tomography Scan, a medical imaging technique that combines multiple X-ray measurements to generate detailed cross-sectional images of the body, including slices of the brain.