If a Firm Increases All Inputs by 5% and Output

question 93

True/False

If a firm increases all inputs by 5% and output increases by 2%, the firm would be experiencing increasing returns to scale.

---

Definitions:

Professional Standards

Guidelines and criteria set by professional bodies that dictate the ethical and professional behavior and responsibilities of its members.

Discomfort

A mild state of physical or mental pain, unease, or distress.

APA's Code of Ethics

The American Psychological Association's guidelines designed to set professional standards for psychologists and protect the well-being of the public.

Informed Consent

Informed Consent is a process in healthcare and research whereby a patient or participant is given full information about a procedure or study, understanding the risks and benefits before agreeing to participate.