In Featherman and Hauser's Occupational Tables, Which Category of Sons

question 5

Multiple Choice

In Featherman and Hauser's occupational tables, which category of sons is mostly likely to have had fathers in the same category?

• A) upper white collar
• B) upper manual
• C) lower manual
• D) farm

---

Definitions:

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the average cost of production falls with increasing output.

Constant Returns to Scale

A situation in production where increasing the input of all resources by any proportion yields an increase in output by the same proportion.

Long-run Average Total Cost

The per unit cost of production when all inputs, including capital, are variable, assuming optimal efficiency.

Economies of Scale

Describe the cost advantages that enterprises obtain due to the scale of their operations, typically resulting in reduced costs per unit with increased output.