If a Firm's Output Doubles When All Inputs Are Doubled

question 36

Multiple Choice

If a firm's output doubles when all inputs are doubled, production is said to occur under conditions of

• A) increasing returns to scale.
• B) imperfect competition.
• C) intra-industry equilibrium.
• D) constant returns to scale
• E) decreasing returns to scale.

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Definitions:

Bonuses

Monetary rewards offered by companies for exceptional performance as incentives to further increase productivity.

Theory X Manager

A management style based on the assumption that employees are inherently lazy and will avoid work if they can, necessitating a controlling and directive leadership style.