If a Firm's Output Less Than Doubles When All Inputs

question 12

Multiple Choice

If a firm's output less than 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:

Personnel Utilization

The effective and efficient use of human resources within an organization to achieve its objectives.

Mental Stress

The psychological strain or tension that arises from demanding circumstances, often leading to a range of emotional and physical responses.

Motivational Approach

A strategy or method used to inspire and encourage individuals toward achieving certain goals or behaviors.

Job Involvement

The degree to which an individual identifies with their job, actively participates in it, and considers their job performance as important to their self-worth.