If a Firm Doubles Inputs and Produces Three Times the Output

question 40

Multiple Choice

If a firm doubles inputs and produces three times the output, then there are

• A)constant returns to scale.
• B)diminishing marginal product.
• C)decreasing returns to scale.
• D)increasing returns to scale.

Define ethical imperatives and their role in guiding behavior.

Distinguish between ethics, tradition, religion, and law, and understand the problems of conflating these concepts.

Recognize the importance of prioritizing and creating options in resolving ethical dilemmas.

Understand the components and structure of effective written argumentation.

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Definitions:

Proposition

A declaration that presents a judgment or opinion perspective.

Standard Form

A recognized or widely accepted example of a structure, presentation, or formula used in particular contexts, like arguments or equations.

Standard Form

A prescribed format or structure for presenting an argument or mathematical equation, ensuring clarity and uniformity.

Proposition

A statement that expresses a judgment or opinion.