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:

Pursed-Lip Breathing

A breathing technique that involves breathing in through the nose and out through tightly pressed (pursed) lips to improve breath control.

Emphysema

A long-term, progressive disease of the lungs that primarily causes shortness of breath due to over-inflation of the air sacs (alveoli).

Pneumothorax

The presence of air or gas in the pleural space that causes collapse of the lung.

Chronic Bronchitis

A long-term inflammatory condition of the bronchi in the lungs, characterized by persistent coughing and mucus production.