Suppose That an Economy with Constant Returns to Scale Doubled

question 120

Multiple Choice

Suppose that an economy with constant returns to scale doubled its physical capital stock, doubled its available natural resources, and doubled its human capital, but kept the size of the labour force the same. How does the change in output compare to the change in productivity?

• A) Output would stay the same and so would its productivity.
• B) Output and productivity would increase, but by less than double.
• C) Output and productivity would increase by more than double.
• D) Output would increase by less than double, but productivity would double.

Identify tenant responsibilities and liabilities in relation to property damage and lease agreements.

Recognize legal protections and obligations regarding security deposits.

Understand laws against discrimination in housing and tenant rights.

Comprehend the rights and obligations concerning the transfer of lease interest.

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Definitions:

Product Warranty

A promise or guarantee given to a customer that a product is free from defects and will perform as specified for a certain period of time.

Company Tax Rate

The percentage of its profits an organization is required to pay to the government as tax.

Tax Deductible

Expenses that can be subtracted from gross income to reduce the taxable income.

Warranty Liability

An obligation reported on a company's balance sheet that represents the estimated costs of fulfilling the terms of warranties offered on products sold.