In the Long Run, Decreasing Returns to Scale Are Likely

question 68

Multiple Choice

In the long run, decreasing returns to scale are likely to be caused by

• A) decreasing costs.
• B) diminishing returns to the variable factor.
• C) management diseconomies.
• D) increasing specialization.
• E) a decrease in factor prices.

Learn about descent systems, kinship terminologies, and marriage practices across different cultures.

Understand the characteristics and purposes of different organizational structures.

Recognize the significance of staff relationships and the roles of various managerial positions in an organization.

Differentiate between centralization and decentralization in decision-making within organizations.

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Definitions:

Ecdysiotropin

A hormone that stimulates the process of ecdysis, or molting, in arthropods.

Ecdysone

See molting hormone.

Juvenile Hormone

An insect hormone that regulates development, reproduction, and other physiological functions, preventing the development into an adult.

Insect Growth

Insect growth encompasses the developmental stages an insect undergoes from egg to adulthood, influenced by factors like nutrition and environmental conditions.