Let the Production Function Be Q = ALᵃKᵇ

question 30

Multiple Choice

Let the production function be q = ALᵃKᵇ.The function exhibits increasing returns to scale if

• A) a + b = 1.
• B) a + b > 1.
• C) a + b < 1.
• D) Cannot be determined with the information given.

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Definitions:

Anxious

Anxious describes a feeling of worry, nervousness, or unease about something with an uncertain outcome, often related to anticipation of future events.

Conditioned Emotional Response

An emotional reaction, such as fear or anxiety, that is learned through classical conditioning.

Avoidance Task

A type of learning in which the subject learns to avoid an unpleasant or painful stimulus by performing certain behaviors or responses.

Environmental Cues

External triggers perceived by individuals that can influence behavior and decision-making processes.