In the Long Run, If Inputs Are Increased by 10

question 31

Multiple Choice

In the long run, if inputs are increased by 10 percent and output increases by 10 percent, then __________ are said to exist.

• A)economies of scale
• B)constant returns to scale
• C)diseconomies of scale
• D)diminishing marginal returns

---

Definitions:

Thematic Apperception Test

A projective psychological test wherein individuals express their feelings and thoughts through the stories they create about ambiguous scenes.

Projective Personality

Refers to psychological tests that use ambiguous stimuli to elicit responses that reveal aspects of an individual's personality.

Objective Personality

Assessment of an individual's personality based on measurable or observable criteria, often through standardized tests.

Minnesota Multiphasic Personality Inventory

A comprehensive psychological test that assesses a variety of personality traits and psychopathologies.