As a Result of Doubling All Its Inputs,if a Firm

question 29

Multiple Choice

As a result of doubling all its inputs,if a firm can more than double its output,its production function exhibits

• A) constant returns to scale.
• B) increasing returns to scale.
• C) decreasing returns to scale.
• D) increasing marginal productivity to at least one input.

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Definitions:

Human Resources

The department within an organization that is responsible for all aspects of managing the employer-employee relationship, including recruitment, training, performance management, and ensuring compliance with employment laws.

Advances in Technology

Refers to the progress and improvements in technological tools, systems, and methodologies that enhance productivity, efficiency, and innovation.

Data Entry

The process of inputting data or information into a computer system or database, often from paper documents, for the purpose of processing or management.

Human Resource Planning

A strategic process involving the identification and forecasting of an organization's current and future staffing needs.