Assume That Constant Returns to Scale Exists and That N

question 22

Multiple Choice

Assume that constant returns to scale exists and that N and K both increase by 2%.Given this information,we know that

• A)output (Y)will increase by 4%.
• B)Y will increase by 2%.
• C)Y will increase by less than 2%.
• D)Y will increase by less than 4% and more than 2%.

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Definitions:

Ages

Various stages of human life characterized by specific developmental milestones, health care needs, and social roles.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, hypertension, and stroke, often related to atherosclerosis.

Stress

A physical or emotional response to external or internal challenges, perceived as threatening or demanding.

Symptoms

Signs or indications of a condition or disease experienced by an individual, which may include pain, fever, fatigue, or other physical or psychological manifestations.