If an Increase in Labour and Capital of 10 Per

question 64

Multiple Choice

If an increase in labour and capital of 10 per cent leads to output increasing by 20 per cent then,ceteris paribus,the economy is operating with:

• A)diseconomies of scale.
• B)decreasing returns to scale.
• C)constant returns to scale.
• D)increasing returns to scale.
• E)diminishing returns to output.

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Definitions:

Gender Differences

Refers to the distinctions in characteristics, behaviours, physical or psychological traits typically associated with males and females.

Statistical Tool

Software or methods used for the analysis, interpretation, and visualization of statistical data.

Causality

The relationship between cause and effect where one variable causes the change in another.

Multiple Regression

An approach in statistics where multiple predictors are used to estimate the outcome of a target variable.