Returns to Specialization Can Occur When

question 35

Multiple Choice

Returns to specialization can occur when

• A)increasing the amount of labor allows workers to specialize.
• B)the exponents of the Cobb-Douglas production function are greater than 1.
• C)a firm doubles its inputs.
• D)the average cost curve is above the marginal costs curve.

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Definitions:

Anthropologists

Researchers focused on analyzing the development, cultures, and societal structures of humans.

Language

A system of communication using symbolic sounds, gestures, or marks that are put together according to certain rules, resulting in meanings that are intelligible to all who share that language.

Descriptive Linguists

Specialists in linguistics who focus on documenting and describing how languages are actually used by speakers.

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.