If a Firm's Output Doubles When All Inputs Are Doubled,production

question 28

Multiple Choice

If a firm's output doubles when all inputs are doubled,production is said to occur under conditions of

• A)decreasing returns to scale.
• B)increasing returns to scale.
• C)intra- industry equilibrium.
• D)constant returns to scale
• E)imperfect competition.

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Definitions:

Retrieval Cue

Any stimulus or bit of information that aids in retrieving particular information from long-term memory.

Lake Erie

One of the Great Lakes in North America, known for being the fourth largest by surface area and the eleventh largest globally in terms of volume.

Grover Cleveland

The 22nd and 24th President of the United States, known for his honesty, integrity, and fight against political corruption.

Retrieval Cues

Stimuli that help you retrieve a certain memory.