If an Increase of an Equal Percentage in All Factors

question 67

Multiple Choice

If an increase of an equal percentage in all factors of production results in an increase in output of the same percentage, then a production function has the property called:

• A) constant marginal product of labor.
• B) increasing marginal product of labor.
• C) constant returns to scale.
• D) increasing returns to scale.

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Definitions:

Managers

Individuals in an organization responsible for directing and overseeing the work of a group of employees.

Emotional Dissonance

The conflict or incongruity between one's experienced emotions and the emotions one displays in accordance with societal or occupational roles.

Surface Acting

A behavioral concept where individuals fake or modify their external expressions or emotions to meet certain expectations.

Deep Acting

An emotional labor strategy where individuals attempt to feel the emotions they are supposed to display, rather than just superficially acting them out.