If a Production Function Has Constant Returns to Scale, Then

question 24

True/False

If a production function has constant returns to scale, then if all inputs double so does production.

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Definitions:

Self-Benefiting

Self-benefiting refers to actions or behaviors that primarily serve to improve or advantage the individual performing them, often with a focus on personal gain or welfare.

Behaviorists

Psychologists and researchers who study and emphasize the importance of observable behaviors and external stimuli, rather than internal thoughts or feelings, in understanding human and animal psychology.

Gender Role

Societal norms and expectations about the behaviors, attitudes, and activities deemed appropriate for males and females.

Nurture

In development, nurture includes all environmental influences that occur after conception, from the mother’s nutrition while pregnant to the culture of the nation.