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:

Neuroimmunological

Relating to neuroimmunology, the study of the interaction between the nervous system and the immune system.

Eclectic

Pertaining to an approach or method that selects and uses whatever is considered the best from various sources or systems.

Wellness

Wellness is the act of practicing healthy habits on a daily basis to attain better physical and mental health outcomes, rather than waiting for sickness to appear.

Mental Health

A state of well-being in which an individual realizes his or her own abilities, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make a contribution to his or her community.