Which of the Following Best Describes Production in the Short

question 132

Multiple Choice

Which of the following best describes production in the short run?

• A) It can be increased using either labour or capital.
• B) It is subject to the law of diminishing marginal product.
• C) It may exhibit increasing, decreasing, or constant returns to scale.
• D) It is subject to the law of demand.

---

Definitions:

Hippocampus

A region of the brain that is associated with the formation of memories and navigation.

Heritable Risk Factor

Any attribute, characteristic, or exposure that increases the likelihood of developing a disease or injury, which can be passed from parent to offspring through genes.

Medial Prefrontal Cortex

A part of the frontal lobe of the brain involved in decision-making, social behavior, and personality expression.

Operant Conditioning

Form of learning in which behaviors lead to consequences that either reinforce or punish the organism, leading to an increased or a decreased probability of a future response.