Match the Correct Answer to Each of the Below Statements

question 47

Short Answer

Match the correct answer to each of the below statements.
(a) When an increase in labour (all else fixed) leads to an increase in output, this is called:
(b) When all inputs are increased by 3% and as a result output increases by 2%, this is called:
(c) When all inputs are increased and per unit costs fall, this is called:

(i) decreasing returns to scale.
(ii) marginal returns to a factor.
(iii) economies of scale.

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Definitions:

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, which provides updated criteria and classifications for diagnosing mental disorders.

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a publication by the American Psychiatric Association that classifies mental disorders.

Eating Disorders Not Otherwise Specified

A category of eating disorders that do not meet the specific criteria for anorexia nervosa or bulimia nervosa but still present significant eating-related issues.

Bulimia Nervosa

A disorder involving cycles of overeating followed by actions to avoid gaining weight, including self-induced vomiting.