If the Number of Workers in an Economy Doubled, All

question 55

Multiple Choice

If the number of workers in an economy doubled, all other inputs stayed the same, and there were constant returns to scale, what would happen to productivity?

• A) It would fall to half its former value.
• B) It would fall, but by less than half.
• C) It would stay the same.
• D) It would rise, but by less than double.

Appreciate the role of cost drivers in the allocation of support department costs.

Grasp the essential features and limitations of activity-based costing (ABC) and other overhead application methods.

Comprehend the significance of selecting appropriate cost drivers for accurate product cost calculation.

Understand the basics and relevance of cost allocation methods in accounting.

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