The Production Function Feature Called "Constant Returns to Scale" Means

question 50

Multiple Choice

The production function feature called "constant returns to scale" means that if we:

• A)multiply capital by z and labor by z , we multiply output by z 1 2 3
• B)increase capital and labor by 10 percent each, we increase output by 10 percent.
• C)increase capital and labor by 5 percent each, we increase output by 10 percent.
• D)increase capital by 10 percent and increase labor by 5 percent, we increase output by 7.5 percent.

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Definitions:

Emotional Responses

The psychological and physiological reactions to stimuli that are experienced as feelings such as happiness, anger, or sadness.

Negative Emotions

Feelings that are generally unpleasant and may include sadness, anger, fear, or frustration, impacting one's mental well-being.

Positive Or Negative

Terms used to describe the valence of various phenomena, including emotions, charges in physics, or results in testing.

General Adaptation Syndrome

A theoretical model describing the body's physiological response to stress in three stages: alarm, resistance, and exhaustion.