If a Firms Cuts Inputs in Half, and Output Falls

question 90

Multiple Choice

If a firms cuts inputs in half, and output falls by more than half, then there are

• A)increasing returns to scale.
• B)decreasing returns to scale.
• C)constant returns to scale.
• D)decreasing marginal returns.

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Definitions:

Confidence Interval

A range of values, derived from sample data, that is believed to contain the true population parameter with a certain level of confidence.

Desired Level

Typically refers to a predetermined threshold or goal in research or goal-setting contexts.

Confidence Level

The degree of certainty or probability with which a confidence interval is estimated to contain the true population parameter.