A Production Manager Notices That When She Triples All of Her

question 17

Multiple Choice

A production manager notices that when she triples all of her inputs simultaneously, her output doubles. The production manager determines that for this range of output, the production function exhibits:

• A)increasing returns to scale.
• B)constant returns to scale.
• C)decreasing returns to scale.
• D)undefined returns to scale.

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Definitions:

Employee Empowerment

The practice of giving employees the autonomy, resources, and skills to make decisions and contribute to the company's success.

Values-based

Decision-making or actions that are guided by personal values and ethical beliefs rather than solely by the pursuit of profit or practical outcomes.

Organizational Culture

Refers to the shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.