Assuming a Firm Uses Capital and Labor to Produce Output

question 46

Multiple Choice

Assuming a firm uses capital and labor to produce output, which of the following is not always a true statement?

• A)Assuming the marginal products of labor and capital are greater than zero, doubling the inputs of capital and labor will lead to greater output.
• B)Assuming the marginal products of labor and capital are less than zero, doubling the inputs of capital and labor will lead to less output.
• C)Assuming the marginal products of labor and capital are greater than zero, doubling the inputs of capital and labor will lead to double the output.
• D)Assuming the marginal products of labor and capital are greater than zero, doubling the input of capital and keeping the input of labor constant will lead to greater output.

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Definitions:

Structured Interviews

A systematic method of interviewing where all candidates are asked the same predetermined questions with established scoring keys.

Self-Efficacy

The belief in one's ability to succeed in specific situations or accomplish a task.

Self-Actualization

Attaining or accomplishing one's innate abilities and potentials, regarded as a universal impulse or demand within every individual.

Self-Realization

The process of fully understanding and realizing one's own potential, abilities, and desires, often considered a goal in various psychological and spiritual traditions.