If a Firm Triples Inputs and Produces Twice the Output

question 12

Multiple Choice

If a firm triples inputs and produces twice the output, then there are

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

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Definitions:

Training Program

A structured plan designed to enhance the knowledge and skills of participants.

Behaviour Change

Refers to the process of altering or modifying human behaviors, often aimed at improving outcomes in areas such as health, education, or personal development.

Training Experience

The overall process and feelings encountered by individuals while they undergo training programs aimed at enhancing their skills or knowledge.

Seductive Details Effect

A phenomenon where interesting but irrelevant information distracts from learning or understanding the main content.