Returns to Specialization Can Occur When

question 64

Multiple Choice

Returns to specialization can occur when

• A) increasing the amount of labor allows individuals 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:

Sternomastoid

A major muscle in the neck that runs from the sternum and collarbone to the mastoid process of the temporal bone of the skull.

Trapezius

A large triangular muscle extending over the back of the neck and shoulders, involved in moving, rotating, and stabilizing the scapula and extending the head at the neck.

Spinal Accessory

Pertains to the eleventh cranial nerve (accessory nerve) that supplies the sternocleidomastoid and trapezius muscles, facilitating shoulder and neck movements.

Axillae

The underarm area of the body, where the arm connects to the shoulder, containing sweat glands and lymph nodes.