In a Particular Production Process,if the Quantities of All Inputs

question 84

Multiple Choice

In a particular production process,if the quantities of all inputs used double,then the quantity of output doubles as well.This means that

• A)the production process cannot be enhanced by technological advances.
• B)no mathematical representation of the relevant production function can be formulated.
• C)the relevant production function has the limits-to-growth property.
• D)the relevant production function has the constant-returns-to-scale property.

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Planned actions or policies designed to achieve a major or overall aim and to secure a competitive position in the market.

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