One Way to Do This Is to Encourage All Degree-Seeking

question 5

Short Answer

One way to do this is to encourage all degree-seeking students in two-year programs

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Definitions:

Output Units

Quantitative measures representing the amount of goods or services produced by a company or an economic system.

Constant Returns to Scale

A situation where increasing all inputs by the same proportion results in output increasing by that same proportion, indicating linear scalability of production processes.

Economies of Scale

Refers to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.