If All Resources Used in the Production of a Product

question 296

Multiple Choice

If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be

• A)economies of scale.
• B)diseconomies of scale.
• C)constant returns to scale.
• D)increasing average total costs.

---

Definitions:

Narcissistic Individuals

People characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Aggressive Outbursts

Sudden and intense expressions of anger or violence, often as a result of frustration or stress.

Deindividuation

A psychological state of decreased self-awareness and diminished social identity, leading to uninhibited and sometimes antisocial behavior.

Independent

Not influenced or controlled by others; having autonomy or freedom to act or make decisions.