Which of the Following Statements Is TRUE

question 68

Multiple Choice

Which of the following statements is TRUE?

• A)A Cobb-Douglas production function can have different returns to scale at different output levels.
• B)It is impossible to have increasing returns to scale for one output level, and decreasing returns to scale for a different output level.
• C)It is possible to have increasing returns to scale for one output level, and decreasing returns to scale for a different output level.
• D)None of the above.

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Definitions:

Hemophilia

A medical condition, usually inherited, in which the ability of the blood to clot is severely reduced, causing the sufferer to bleed severely from even a slight injury.

X-Linked Recessive

A pattern of genetic inheritance where the gene causing the trait or disorder is located on the X chromosome; more common in males who have only one X chromosome.

Vasoocclusive Crisis

A painful episode that occurs in sickle cell anemia when sickled red blood cells block blood flow through vessels.

Sickle Cell Crisis

A severe, painful episode that occurs in people who have sickle cell anemia, caused by blockage of blood flow by misshaped red blood cells.