Constant Returns to Scale for a Firm Would Imply That

question 189

Multiple Choice

Constant returns to scale for a firm would imply that

• A)doubling input usage results in more than double the output.
• B)doubling input usage results in less than double the output.
• C)doubling input usage results in doubling the output.
• D)there are decreasing costs per unit of output.

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Definitions:

Brainstorming

A creative group problem-solving and idea generation technique where participants are encouraged to come up with thoughts and solutions without judgement.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone.

Constructive Conflict

A situation where differing views are debated in a positive, respectful manner, leading to improved decision-making or solutions.