Which of the Following Is True

question 179

Multiple Choice

Which of the following is true?

• A) The sum of the coefficients of capital and the total efficiency units of labor in a Cobb-Douglas production function is greater than 1.
• B) The sum of the coefficients of capital and the total efficiency units of labor in a Cobb-Douglas production function is less than 1.
• C) The Cobb-Douglas production function exhibits increasing returns to scale.
• D) The Cobb-Douglas production function exhibits constant returns to scale.

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Definitions:

Hyperopia

A common vision condition, also known as farsightedness, where distant objects may be seen more clearly than objects that are near.

Impaired Vision

A reduction in the ability to see to a degree that causes problems not fixable by usual means, such as glasses. This can range from slight visual impairments to total blindness.

Sunglasses

Eyewear designed to protect the eyes from excessive sunlight and harmful ultraviolet (UV) rays.

Visual Field

The visual field is the total area in which objects can be seen in the peripheral vision while the eye is focused on a central point, important for assessing vision and diagnosing eye conditions.