Toss a Baseball Bat into the Air and It Wobbles

question 12

Multiple Choice

Toss a baseball bat into the air and it wobbles about its

• A) heavier end.
• B) center of mass.
• C) geometrical center.

---

Definitions:

Constant Returns To Scale

A condition where increasing all inputs by any proportion results in output increasing by that same proportion, indicating that size does not affect productivity.

Long-Run Average Total Cost

The cost per unit of output incurred when all factors of production are variable, and scale of production can be changed.

Output

The amount of products or services produced by a company, industry, or economic system.

Total Fixed Cost

The sum of all costs that do not change with output level, including rent, salaries, and insurance.