An Aggregate Production Function Exhibits Constant Returns to Scale When

question 78

Multiple Choice

An aggregate production function exhibits constant returns to scale when a one percent increase in labour input

• A)along with a one percent decrease in capital produces the same amount of output.
• B)along with a one percent increase in capital produces the same amount of output.
• C)produces a one percent increase in output.
• D)along with a one percent increase in capital produces one percent more output.
• E)induces a one percent increase in capital input.

---

Definitions:

Founder Syndrome

A situation in which an organization's founder maintains disproportionate power and influence, often impeding decision-making, succession planning, and organizational growth.

Organizational Change

The processes through which an organization undergoes transformation in its structure, strategies, operational methods, or culture, to adapt to changes in its environment or to improve its effectiveness.

Guiding Coalition

A group of influential individuals within an organization who work together to support and promote change initiatives and strategic directions.

Effective Nonprofit

A nonprofit organization that demonstrably achieves its goals and makes a significant impact in its chosen area of focus.