Identify the True Statement

question 4

Multiple Choice

Identify the true statement.

• A)Decreasing returns to scale and diminishing marginal returns are just two different ways of saying the same thing.
• B)Returns to scale pertains to the impact on output of increasing all inputs simultaneously; diminishing marginal returns pertains to the impact of changing a single input while holding all other inputs constant.
• C)Returns to scale pertains to the impact on output of changing a single input while holding all other inputs constant; diminishing marginal returns pertains to the impact on output of increasing all inputs simultaneously.
• D)Returns to scale can be identified by calculating the slope of an isoquant.

---

Definitions:

Form 1040

The standard Internal Revenue Service (IRS) form that individuals use to file their annual income tax returns.

Lookback Period

A set duration of time in the past during which relevant actions or financial transactions are reviewed for tax or regulatory purposes.

Semiweekly Schedule

A tax depositing schedule requiring payments to be made twice a week, often used by employers for payroll taxes.

Form W-4

A tax form used by employees to determine the amount of taxes to be withheld from their paycheck.